An Auditor Knew That the Purpose of Her Audit Was

question 57

Multiple Choice

An auditor knew that the purpose of her audit was to render reasonable assurance on financial statements that were to be used for the application for a loan;the auditor did not know the identity of the bank that would eventually give the loan.Under the foreseeable third party approach,the auditor is generally liable to the bank which subsequently grants the loan for:

• A)Lack of due diligence.
• B)Lack of good faith.
• C)Gross negligence,but not ordinary negligence.
• D)Either ordinary or gross negligence.

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Definitions:

Narrative Therapy

A form of psychotherapy that centers on the client's narrative or story as a means to examine and resolve problematic situations.

Narrative Empathy

The capacity to understand and share the feelings of another person through engagement with narratives or stories.

Constructivist Therapies

Psychological treatments grounded in the belief that individuals construct their own understanding of the world, and therapists help clients identify and adjust these constructions.

Evidence-based Practices

Methods or interventions that have been scientifically tested and proven to be effective.