Which of the Following Factors Would Not Influence Third Parties

question 18

Multiple Choice

Which of the following factors would 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 activity by auditors that resulted in their failure to exercise appropriate levels of professional care.
• C)The relationship between the auditors and third party.
• D)The jurisdiction in which the action occurred.

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Definitions:

Resources

Resources are assets, materials, or other valuables that can be utilized to achieve goals, conduct operations, or solve problems.

Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Social Stability

The state of societal consistency and predictability, where social structures, institutions, and relationships remain relatively unchanged over time.

Microsociological

Pertaining to the study of individual and interpersonal behavior and interactions within small groups.