In the 1970s, the State of California Was Greatly Affected

question 58

True/False

In the 1970s, the state of California was greatly affected by the decline in property taxes and could not afford to pay for public schools, road maintenance, or effective fire and police departments.

---

Definitions:

Certified Public Accountants

Licensed accounting professionals who have passed a national exam and met state requirements, and are qualified to perform accounting, auditing, and tax services.

Federal Accountant's Exam

A standardized examination that aspiring accountants in the United States must pass to be credentialed at the federal level.

Malpractice

Occurs when a professional accountant, health care professional, or attorney—fails to meet his or her duty of care.

Cardozo Standard

A legal principle named after Justice Benjamin Cardozo, emphasizing the importance of foreseeability and reasonable expectations in determining duty of care.