Auditors Should Not Be Liable to Any Party If They

question 21

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.

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Definitions:

Acid Equilibrium

The state of balance between the forward and reverse reactions in which an acid donates a proton to a base.

Acid Salt

A type of salt that contains an ionizable hydrogen atom, allowing it to act as an acid under suitable conditions.

Soluble

Ability of a substance to dissolve in a solvent, forming a homogeneous mixture at a molecular or ionic level.

Sodium Chloride

Common salt; an ionic compound with the formula NaCl, essential for life and used in food seasoning and preservation.