The Auditor's Conclusions Are Stated as Opinion Rather Than a Statement

question 42

Multiple Choice

The auditor's conclusions are stated as opinion rather than a statement of fact, as:

• A) to allow for a margin of error.
• B) conclusions are based on professional judgement.
• C) to avoid the possibility of legal action against the auditor.
• D) all of the above

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Definitions:

Tort Reform

A legal process aiming to reduce litigation or damages that plaintiffs can receive, often in an effort to reduce frivolous lawsuits.

Cap Monetary Damages

The practice of setting a maximum limit on the amount of money that can be awarded to a plaintiff in a lawsuit for damages.

Civil Cases

Legal disputes between two or more parties wherein compensation or specific performance is sought rather than criminal sanctions.

Negligence Per Se Doctrine

is a legal principle where an act is considered negligent because it violates a statute or regulation.