Gert,an Accountant,contracts to Conduct an Audit for Hailey

question 36

Multiple Choice

Gert,an accountant,contracts to conduct an audit for Hailey.In per?forming the audit,Gert fails to detect certain misconduct.Gert is most likely

• A)liable if a normal audit would have revealed the misconduct.
• B)liable if Gert issues a specifically qualified opinion.
• C)not liable if Gert generally disclaims any liability.
• D)not liable if the misconduct was due to Hailey's negligence.

---

Definitions:

Sample Size

The number of individual observations or data points used in a statistical sample.

Low Income Housing

Housing deemed affordable for those with a household income below a certain threshold, as defined by national or local governments.

Sq.Ft

Abbreviation for square feet, a unit of area measurement equivalent to a square measuring one foot on each side.

Hypothesis

A proposed explanation for a phenomenon, which can be tested through experimentation and observation.