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:

Tort Liability

Legal responsibility arising from a civil wrong that causes harm or loss to another party, not based on contractual obligations.

Unauthorized Acts

Actions taken by an individual or entity that have not been approved or sanctioned by the necessary authority or party.

Ratification

The process of officially sanctioning a treaty or agreement to make it legally binding.

Adoption

The legal process by which an individual assumes the parenting of another, usually a child, from that person's biological or legal parent(s).