Question

After being named as a defendant in a corporate fraud case, the XYZ accounting firm was found guilty of negligence and fined $25 billion. As a partner for the firm, what would you recommend as the next course of action

Answer 1

Answer:

Appeal the decision

Explanation:

In law, it allows for the losing party of a verdict to appeal the decision of a lower court to a higher court.

Thus, as a partner of XYZ accounting firm will advise the firm to appeal the fine and charges of negligence brought against it, doing so is a constitutional right. Depending on the outcome of the appeal case, appropriate measures would be taken to avoid any long term effects on the firm.