Which of the Following Is Accurate with Respect to Litigation

question 41

Multiple Choice

Which of the following is accurate with respect to litigation involving CPAs?

• A)A CPA will not be found liable for an audit unless the CPA has audited all affiliates of that company.
• B)A CPA may not successfully assert as a defense that the CPA had no motive to be part of a fraud.
• C)A CPA may be exposed to criminal as well as civil liability.
• D)A CPA is primarily responsible,while the client is secondarily responsible for the notes in an annual report filed with the SEC.

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Definitions:

Internal Organs

The organs inside the body responsible for vital functions, such as the heart, liver, and lungs.

Aerobic Exercise

Physical activity that improves cardiovascular health by elevating heart rate and increasing the body's use of oxygen.

Lung Fitness

The health and performance capability of the lungs, impacting overall respiratory function and physical stamina.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.