T is an accountant who has been accused of professional incompetence T agreed to advise a client on currency management and the client lost a great deal of money when a large foreign currency trade receivable declined in value without having been hedged.
Which of the following factors strengthens the case that T has been incompetent? Select ALL that apply
A . T had been too busy to stay up to date with continuing professional development requirements
B . Since the loss the client’s chief executive has spoken to her business contacts m the industry and all had hedged against a decline in this currency
C . T had studied all relevant economic forecasts and had concluded that it would be too expensive to hedge this receivable
D . T had offered the client two alternatives showing the costs and benefits of hedging the position, but did not strongly recommend either alternative
E . T had never offered advice on foreign currency management before
Answer: A,B,E