When an Accountant Has Followed Generally Accepted Auditing Standards and Generally

question 13

Multiple Choice

When an accountant has followed generally accepted auditing standards and generally accepted accounting principles,which of the following is true?

• A) The accountant is not negligent.
• B) The accountant could be negligent in some other respect.
• C) The accountant will not be liable for any losses suffered by users of the financial statements.
• D) The accountant will have uncovered any fraud or other problems with the financial statements.

---

Definitions:

Military

Relates to the armed forces or their activities, including training, discipline, and engagement in warfare.

Emotional Problems

Issues related to an individual's emotional well-being, including difficulties with emotional regulation or experiencing overwhelming negative emotions.

Academic Achievement

The level of accomplishment a student, teacher, or educational institution has reached in meeting their short-term or long-term learning objectives.

Extended Families

Family groups that extend beyond the immediate nuclear family to include grandparents, aunts, uncles, and other relatives.