The Essence of the due Care Standard Is That the Auditor

question 4

Multiple Choice

The essence of the due care standard is that the auditor should not be guilty of:

• A) bias.
• B) objectivity.
• C) errors in judgment.
• D) fraud.
• E) negligence.

---

Definitions:

Early Neutral Evaluation (ENE)

A dispute resolution process where an unbiased third party assesses the strengths and weaknesses of each side's case early on.

Partnership Dispute

Conflicts that arise between partners in a business regarding issues like operations, profitability, or management.

Legal Issues

Disputes or points of concern that require interpretation and resolutions within the framework of the law.

Custody Dispute

A legal conflict regarding the guardianship of a child between parties, typically following a separation or divorce.