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:

Self-Judgments

Evaluations or assessments that individuals make about themselves, their abilities, and their qualities.

Extraversion

A personality trait marked by sociability, liveliness, and an energetic approach towards the external world.

Accurate Judgment

The ability to make predictions or assessments that are close to the actual facts or outcomes, often discussed in the context of social and personality psychology.

Tantrum

An emotional outburst, usually associated with children, that is typically characterized by stubbornness, crying, screaming, defiance, or anger.