Which of the Following Is the Best Statement of the Duty

question 38

Multiple Choice

Which of the following is the best statement of the duty owed by an accountant in his or her professional work?

• A)To do the job correctly and discover all irregularities.
• B)To follow generally accepted accounting principles (GAAP)and generally accepted auditing standards (GAAS).
• C)To act as a professional and not commit fraud.
• D)To exercise the skill and care of the ordinarily prudent accountant in the same circumstances.

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Definitions:

Trespass

The act of entering someone's land or property without permission.

Public Nuisance

An act or omission that obstructs, damages, or inconveniences the rights of the community.

Surface

The outermost or uppermost layer of something, often referring to land or the external aspect of objects.

Crown Grant

A legal document issued by the crown (government) transferring an interest in land (usually ownership or a lease) to a private individual or entity.