Dylan Chase Is a Partner in a CPA Practice

question 51

Multiple Choice

Dylan Chase is a partner in a CPA practice.One of Dylan's partners sometimes takes a very aggressive position when auditing clients.Which of the following business types would protect Dylan's personal assets from malpractice liability for his partner's aggressive auditing tactics?

• A) Limited liability partnership
• B) Traditional partnership
• C) Not-for-profit
• D) Proprietorship

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Definitions:

Glaucoma

A group of eye conditions that damage the optic nerve, often resulting in vision loss and blindness.

Proptosis

The protrusion or forward displacement of the eye from its orbit, which can result from trauma, tumors, or thyroid eye disease.

Exophthalmos

Protrusion of one or both eyeballs, often due to hyperthyroidism, specifically Graves' disease.

Conjunctivitis

Also known as pink eye, it is an inflammation or infection of the outer membrane of the eyeball and the inner eyelid.