Which of the Following Statements Is True of Intentional Misrepresentation

question 42

Multiple Choice

Which of the following statements is true of intentional misrepresentation?

• A) Generally, if an accountant is found liable in fraud, the client is not entitled to recover punitive damages.
• B) Under a punitive damage award, the client will always receive a lesser amount than his actual loss.
• C) Generally, in a negligence or contract action, the client is limited to recovering compensatory damages.
• D) An accountant cannot be liable in fraud for any losses suffered by the client from the time when the audit should have discovered the embezzlement.

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Definitions:

South Africans

The people hailing from or living in South Africa, a country located at the southern tip of the African continent.

Three-dimensional

Pertaining to or appearing to have height, width, and depth, thereby giving the impression of physical volume or space.

Kpelle

A Liberian ethnic group, or the language spoken by this group, known for its unique cultural practices and linguistic structures.

Memory

The faculty by which the mind stores and remembers information.