When an Accountant Has Not Followed Generally Accepted Auditing Standards,which

question 90

Multiple Choice

When an accountant has not followed generally accepted auditing standards,which of the following is true?

• A) The accountant is negligent.
• B) The accountant is presumed to be negligent,but the accountant can possibly rebut that presumption.
• C) The accountant will be liable for any losses suffered by users of the financial statements.
• D) The accountant will lose his license to practice the profession of accountancy.

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Definitions:

British Generals

Military officers in the British Army who have achieved the rank of general, responsible for commanding units, formulating strategy, and overseeing operations.

Military Expedience

Actions or strategies that are chosen for their practicality and speed in achieving military objectives, often without regard for ethics or norms.

Slave Allies

Individuals or groups who supported enslaved people through acts of resistance, emancipation efforts, or advocating for abolition.

Gradual Emancipation

A process of abolishing slavery that occurs in stages over a period of time rather than immediately.