The CLERP 9 Reforms Now Provide for Limitation of Auditor's

question 34

Multiple Choice

The CLERP 9 reforms now provide for limitation of auditor's liability through:

• A)a statutory cap.
• B)proportionate liability.
• C)incorporation.
• D)All of the given answers are correct.

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Definitions:

Population Means

The average value of a characteristic in a population.

90% Confidence

A statistical term indicating that there is a 90 percent chance that the true parameter is within the calculated confidence interval.

Standard Deviation

An statistical measure that quantifies the dispersion or spread of a set of data points around their mean value.

Sample Variances

The measure of dispersion within a sample set of data, indicating how much the values in the sample differ from the mean of the sample.