An Accountant Who Does Not Comply with GAASs When Conducting

question 68

True/False

An accountant who does not comply with GAASs when conducting an audit and thereby fails to uncover a fraud or embezzlement by an employee of the company being audited can be sued for damages arising from this negligence.

---

Definitions:

Daily Work Hours

The number of hours an individual is expected to work each day, which can vary based on the employer, job role, and country's labor laws.

Greater Autonomy

The increased independence and freedom to make decisions without external control, often leading to higher job satisfaction and productivity.

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of workplace issues such as dissatisfaction or health problems.

Tardiness

The quality or fact of being late; delay in arrival or performance compared to expected or scheduled time.