A Claim for a Breach of Duty of Care Might

question 27

Multiple Choice

A claim for a breach of duty of care might arise against an auditor if:

• A)an existing shareholder suffered losses because he increased his investment in the company based on figures in the audited financial report.
• B)a bank made a loss due to a loan made to the company based on figures in an audited financial report commissioned by the bank.
• C)a new investor suffered losses because she purchased shares in the company based on figures in the annual audited financial report.
• D)a finance company made a loss due to a loan made to the entity based on figures in an audited financial report commissioned by the entity.

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Definitions:

Middle-Aged Adults

Individuals typically ranging from approximately 45 to 65 years of age, often characterized by specific social roles and health considerations.

Middle Adulthood

A stage of life, typically defined as the period between early adulthood and old age, known for significant personal, social, and professional development.

Number of Friends

A quantitative measure reflecting the count of individuals one considers to be friends, often used as an indicator of social connectivity or isolation.

Generativity

The concern for establishing and guiding the next generation, often expressed through parenting, teaching, mentoring, and contributing to societal well-being.