Kathryn An accountant’s liability is the legal responsibility that an accountant has for his or her actions. This liability can arise from either negligence or from intentional wrongdoing. For example, if an accountant makes a mistake that causes financial losses for his or her client, the accountant may be held liable for those losses. Alternatively, if … Read more
An inefficient market is one in which the prices of assets do not accurately reflect all available information. In an efficient market, prices reflect all relevant information and changes in that information is reflected quickly and accurately in prices. In an inefficient market, prices may be based on outdated information or may not reflect all … Read more
Weak form efficiency is a type of market efficiency that states that prices in the market fully reflect all available information. This means that it is impossible to earn abnormal profits by analyzing past price movements. There are three types of market efficiency: weak form, semi-strong form, and strong form. Weak form efficiency is the … Read more
