Norm Is an Accountant

question 5

Multiple Choice

Norm is an accountant. With respect to an allegation of negligence by Online Retail Inc., one of Norm's clients, Norm's violation of generally accepted accounting principles and generally accepted auditing standards

• A)does not indicate that Norm was negligent.
• B)is prima facie evidence that Norman was negligent.
• C)precludes Norm from raising any defense against a negligence claim.
• D)relieves Norm of any legal liability but not professional ethics sanctions.

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Definitions:

Intuitions

The ability to understand something instinctively, without the need for conscious reasoning.

Framing

involves presenting or structuring information and messages in a way that influences perception and decisions.

Belief Perseverance Phenomenon

The psychological phenomenon where individuals maintain their beliefs despite encountering contradicting evidence or information.

Confirmation Bias

The proclivity to pursue, interpret, be inclined towards, and remember evidence that verifies one's antecedent beliefs or hypotheses.