In the Performance of an Audit, a CPA

question 141

Multiple Choice

In the performance of an audit, a CPA

• A) is legally liable for detecting an immaterial client fraud.
• B) must strictly follow GAAP for privately held clients.
• C) must exercise constructive professional care in the performance of their audit responsibilities.
• D) must exercise due professional care in the performance of their audit responsibilities.

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Definitions:

ABC Theory

A concept in psychology that suggests that a person's belief (B) about an event (A) affects their consequent emotional and behavioral responses (C).

Cognitive Therapy

A type of psychotherapy that identifies and helps change negative thought patterns and behaviors.

Cognitive Therapy

A type of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors, focused on changing negative thought patterns.

Theoretical Background

Theoretical Background encompasses the foundational theories, principles, and knowledge that form the basis for academic research or a specific study.