Great State Bank Claimed That Wiles Accounting Committed Fraud in the Preparation

question 26

Multiple Choice

Great State Bank claimed that Wiles Accounting committed fraud in the preparation of an audit.To hold the accounting firm liable,which of the following elements must be established?

• A)Knowledge or reckless disregard of the truth
• B)A fiduciary relationship
• C)Failure to exercise due care
• D)An executed engagement letter

---

Definitions:

Acute Myocardial Infarction

A medical emergency caused by the interruption of blood flow to part of the heart, commonly known as a heart attack.

Breastfeeding

The act of feeding a baby with milk directly from the mother's breast, providing necessary nutrients and antibodies.

Prenatal Check

A medical checkup for a pregnant woman before the birth of her baby to monitor health and detect any potential problems.

Obstetrician

A medical doctor specializing in the care of women during pregnancy, childbirth, and the postpartum period.