Farley, an Accountant, Intentionally Misstates a Material Fact to Mislead

question 5

Multiple Choice

Farley, an accountant, intentionally misstates a material fact to mislead Global Industries, Inc., a client. Global justifiably relies on the misstatement to its detriment. Farley is most likely liable for​

• A) ​fraud.
• B) ​malpractice.
• C) ​negligence.
• D) ​none of the choices.

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Definitions:

Encoding Failure

an inability to properly store information into long-term memory, leading to the absence of memory recall.

Recall

The mental process of retrieving information from the past, which can vary in ease depending on several factors like recency and relevance.

Declarative Memories

Memories that can be consciously recalled, such as facts and events, and expressed verbally.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or total inability to recall the recent past.