Jim,an Accountant,contracts to Perform Services for Kasey

question 35

Multiple Choice

Jim,an accountant,contracts to perform services for Kasey.Jim acts in good faith and conforms with generally accepted accounting principles,but makes a mistake in judgment.Jim is most likely

• A)liable if Jim failed to discover a defalcation.
• B)liable if Jim failed to discover a fraud.
• C)liable if Jim failed to discover an impropriety.
• D)not liable.

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Definitions:

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Aptitudes

Natural abilities or talents that determine how well someone can perform a certain task or activity with the potential for future development.

Traits

Enduring characteristics or qualities that define an individual's personality.

Social-cognitive Interaction

The process by which individual cognitive processes are influenced by social context and interactions.