Delaney Is an Accountant Charged with Negligence by Estimation

question 50

Multiple Choice

Delaney is an accountant charged with negligence by Estimation & Valuation Services Inc., a client. Delaney may successfully defend against the claim if he can show that​

• A) ​scienter was lacking.
• B) ​he complied with all International Financial Reporting Standards.
• C) ​the negligence was not the proximate cause of the client's losses.
• D) ​the negligence was only contributory.

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Definitions:

Philosophical Tradition

A historical school of thought or a set of doctrines that shapes the field of philosophy.

Religious Rituals

Ceremonial acts followed in religious practices, often symbolic in nature, aimed at fostering spiritual experiences or honor deities.

Ibn-Rushd

A medieval Andalusian polymath known in the Western world as Averroes, who made significant contributions to philosophy, theology, and medicine.

Al-Farabi

A renowned philosopher and scientist in the Islamic golden age, who made notable contributions in philosophy, logic, and music.