A)Describe Some of the Steps the CPA and the Accounting

question 52

Essay

A)Describe some of the steps the CPA and the accounting profession as a whole can and are taking to reduce practitioners' exposure to lawsuits.B)Describe some of the steps individual practising auditors can take to minimize their legal liability.

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Definitions:

Defamation

A false statement presented as fact that causes injury or damage to the reputation of an individual or entity.

Battery

is an intentional and unlawful physical contact or force used against another person without their consent, potentially resulting in criminal charges.

Assault

An act that threatens physical harm to a person, whether or not actual harm is inflicted.

Age of Majority

The legally defined age at which an individual is considered an adult and responsible for their actions, varying by jurisdiction.