Liability of Accounting Services and Their Users – Clients

In order for an accounting service to maintain its reputation and liability, it will need to provide quality services and continuously improve them. Every accounting service is also being 'forced' to do this day by day by the competition, which is growing ever larger in the market. The research problem was to determine whether accounting services and their users – clients are actually liable for their lack of expertise and inconsistency, how many times they have received financial sanctions in their practice and have been criminally prosecuted. She conducted the research through a questionnaire sent by electronic mail and ordinary post amongst accounting services and their users – clients.

Problem

In order for an accounting service to maintain its reputation and liability, it will need to provide quality services and continuously improve them. Every accounting service is also being 'forced' to do this day by day by the competition, which is growing ever larger in the market. The accounting of private individuals and companies is important due to state or tax requirements as well as due to the interests of private individuals and entrepreneurs in business decision-making.

Users must form comprehensive and credible accounting information in accordance with Slovenian Accounting Standards if they wish to justify their liability towards the operations of their company. Who bears greater liability? The client, who has the obligation to prepare and deliver to the accountant all the necessary data and documents that the accountant needs in their work, or the accountant, who is an expert to process all this data and these documents according to the rules dictated to them by Slovenian Accounting Standards.

This question was the main theme of her diploma thesis, which related to accounting services and their users – clients.

Results

The research problem was to determine whether accounting services and their users – clients are actually liable for their lack of expertise and inconsistency, how many times they have received financial sanctions in their practice and have been criminally prosecuted. She conducted the research through a questionnaire sent by electronic mail and ordinary post amongst accounting services and their users – clients. The results of the questionnaire confirmed the hypothesis that accounting services are more aware of their liability than their users – clients, who have already been financially penalised in practice and have been held accountable for their actions at least in such a (financial) manner.