Which of the Following Is a Correct Statement Related to CPA

question 26

Multiple Choice

Which of the following is a correct statement related to CPA legal liability under common law?

• A)CPAs are normally liable to their clients,the shareholders,for either ordinary or gross negligence.
• B)CPAs are liable for either ordinary or gross negligence to identified third parties for whose benefit the audit was performed.
• C)CPAs may escape all personal liability through incorporation as a limited liability corporation.
• D)CPAs are guilty until they prove that they performed the audit with "good faith."

Understand the purpose and effects of the Enforcement Acts.

Comprehend the establishment and contributions of Republican governments in the South during Reconstruction.

Acknowledge the significance of the civil rights movements labeled as the "Second Reconstruction."

Grasp the long-term debates and consequences instigated by Reconstruction policies.

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Definitions:

Consignor

An entity or person that sends goods to another, the consignee, who agrees to sell those goods on behalf of the consignor.