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

---

Definitions:

Orientation

The introduction process for new employees or members to familiarize them with the organization's operations, culture, and policies.

Time Management

The process of organizing and planning how to divide your time between specific activities to increase efficiency or productivity.

Strategic Plans

Comprehensive frameworks that outline an organization's goals, strategies, and actions to achieve future objectives.

Organization's Vision

A statement outlining what an organization wants to become, providing a clear direction for future growth and defining its aspirations.