Rico, an Accountant, Contracts to Conduct an Audit for Sushi

question 44

Multiple Choice

Rico, an accountant, contracts to conduct an audit for Sushi Restaurants. In performing the audit, Rico fails to detect a Sushi employee's obvious theft of funds from the firm. Rico is most likely

• A)liable if a normal audit would have revealed the theft.
• B)liable if the accountant failed to issue a qualified opinion with the audit.
• C)not liable because a normal audit is not intended to discover fraud.
• D)not liable if the theft was due to Sushi's negligence.

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Definitions:

Opioids

A class of drugs that include the illegal drug heroin, synthetic opioids such as fentanyl, and pain relievers available by prescription, noted for their potent analgesic properties.

Antipsychotic Drugs

Medications used to treat psychiatric conditions by altering neurotransmitter levels in the brain, particularly used for managing schizophrenia, bipolar disorder, and other major mental illnesses.

Orexin

A neuropeptide that regulates arousal, wakefulness, and appetite, playing a crucial role in sleep-wake cycles.

Categories of Sleep Disorders

Types of disorders that affect sleep, including insomnia, sleep apnea, narcolepsy, and restless legs syndrome.