Which of the Following Is the Best Defense That a CPA

question 51

Multiple Choice

Which of the following is the best defense that a CPA can assert against common law litigation by a stockholder claiming fraud based on an unqualified opinion on materially misstated financial statements?

• A) Lack of due diligence.
• B) Lack of gross negligence.
• C) Contributory negligence on the part of the client.
• D) A disclaimer contained in the engagement letter.

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Definitions:

Devalued Qualities

Traits or characteristics that are not highly regarded, appreciated, or considered of significant worth in a certain context or by society.

Minority Communities

Groups of people who share common ethnic, racial, or cultural backgrounds and are represented in smaller numbers within a larger population or society.

Feminist Goals

Objectives aimed at advocating for equality between men and women in various aspects of social, economic, and political life.

Feminist Approach

A perspective in various disciplines that seeks to explore, identify, and address inequalities that women face, advocating for gender equality and social change.