An Accountant Can Avoid Liability by Proving That His or Her

question 31

True/False

An accountant can avoid liability by proving that his or her negligence was only the proximate cause of the cli?ent's loss.

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Definitions:

Sampling

A statistical method of selecting a subset of individuals or observations from a larger population to make inferences about the whole population.

Observation

The action or process of closely monitoring or watching something or someone carefully or in order to gain information.

Overgeneralization

The cognitive bias of applying a rule or conclusion too broadly across situations that don't necessarily fit.

Generalization

refers to the process of formulating broad statements or conclusions that apply to multiple instances from specific observations or limited examples.