A Disclaimer Based on Lack of Knowledge Will Always Protect

question 22

True/False

A disclaimer based on lack of knowledge will always protect an accountant from liability.

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Definitions:

Atherosclerosis

A disease characterized by the buildup of fats, cholesterol, and other substances in and on artery walls, which can restrict blood flow and lead to cardiovascular issues.

High Blood Pressure

A condition in which the force of the blood against the artery walls is too high, potentially leading to health problems, such as heart disease.

Elevated Cholesterol Levels

Higher than normal amounts of cholesterol in the blood, which can increase the risk of heart disease.

Traumatic Events

Incidents that involve exposure to actual or threatened death, serious injury, or sexual violence, leading potentially to lasting psychological impact.