Which of the Following Factorswould Not Influence Third Parties' Abilities

question 83

Multiple Choice

Which of the following factorswould not influence third parties' abilities to bring suit against auditors for ordinary negligence under common law?

• A) The extent to which the third party relied upon the misstated financial statements and this reliance resulted in their loss.
• B) The nature of the activity by the auditors that resulted in their failure to exercise appropriate levels of professional care.
• C) The relationship between the auditors and a third party.
• D) The jurisdiction in which the action occurred.

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Definitions:

Symbolic Value

The importance or meaning something holds which is not based on its practical utility but on what it represents or signifies.

Human Hierarchy

Describes a system or organization in which people or groups are ranked one above the other according to status or authority.

Racial Approach

A perspective or method that emphasizes the significance of race in understanding social, economic, or political issues.

Inborn Characteristics

Traits or features that an individual possesses from birth, determined by genetic inheritance.