A Principle That May Reduce or Eliminates Auditors' Liability to Clients

question 20

Multiple Choice

A principle that may reduce or eliminates auditors' liability to clients is:

• A)Client's constructive negligence.
• B)Client's contributory negligence.
• C)Auditors' ordinary negligence.
• D)Auditors' gross negligence.

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Definitions:

Dorsolateral Prefrontal Cortex

A region of the prefrontal cortex implicated in executive functions, such as working memory, cognitive flexibility, planning, inhibition, and abstract reasoning.

Psychiatric Disorder

A mental disorder characterized by significant disruptions in thought, behavior, and emotions, impairing daily functioning.

Depression

A mental disorder characterized by a lasting state of unhappiness or indifference to activities, which seriously affects one's day-to-day life.

Schizophrenia

A chronic and severe mental disorder that affects how a person thinks, feels, and behaves, often characterized by delusions, hallucinations, and disordered thinking.