T is an accountant who has been accused of professional incompetence T agreed to advise...

T had been too busy to stay up to date with continuing professional development requirements

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

T had studied all relevant economic forecasts and had concluded that it would be too expensive to hedge this receivable

T had offered the client two alternatives showing the costs and benefits of hedging the position, but did not strongly recommend either alternative

T had never offered advice on foreign currency management before