In Establishing That the Third Party Relied on the Financial

question 54

Multiple Choice

In establishing that the third party relied on the financial statements, one factor that works against plaintiffs' establishing such reliance is:

• A) Fraud did not exist
• B) Damages or loss suffered by the plaintiff would not have occurred regardless of whether the audited financial statements were misstated
• C) Damages or loss suffered by the plaintiff would have occurred regardless of whether the audited financial statements were misstated
• D) Negligence did not exist

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Definitions:

Asian American

Pertains to individuals in the United States who have ancestral origins in the countries of East, Southeast, or South Asia.

Eating Disorder

A psychological disorder characterized by abnormal or disturbed eating habits, which can include anorexia nervosa, bulimia nervosa, and binge-eating disorder.

Violent Offenses

Acts that involve the use of force or threat against a person, resulting in physical harm or psychological impact.

Eating Disorder

A mental disorder characterized by abnormal eating habits that negatively affect a person's physical or mental health, such as anorexia or bulimia.