Auditors Should Not Be Liable to Any Party If They

question 34

Multiple Choice

Auditors should not be liable to any party if they perform services that met the standards of

• A) ordinary negligence.
• B) regulatory providence.
• C) due care.
• D) good faith.

---

Definitions:

QBO Employee List

A feature in QuickBooks Online providing a comprehensive list and details of a company's employees.

Social Security Number

A Social Security Number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary working residents for tracking earnings and benefits.

Form 944

A tax form used by small employers to report annual federal tax liabilities to the Internal Revenue Service (IRS).

Form 941

A quarterly tax form filed by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks.