Are There Any Circumstances Under Which Abe Could Be Held

question 50

Multiple Choice

Are there any circumstances under which Abe could be held liable for the contents of the unaudited financial statements?

• A)Yes if liability is reasonably foreseeable.
• B)No,accountants are not liable for the contents of unaudited financial statements.
• C)No,if Abe included an opinion letter with a qualification.
• D)Yes,if Abe failed to clearly mark the financial statements as being unaudited.
• E)No,if Abe included an opinion letter with a broad and general disclaimer.

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Definitions:

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