Which of the Following Is Accurate with Respect to Litigation

question 41

Multiple Choice

Which of the following is accurate with respect to litigation involving CPAs?

• A)A CPA will not be found liable for an audit unless the CPA has audited all affiliates of that company.
• B)A CPA may not successfully assert as a defense that the CPA had no motive to be part of a fraud.
• C)A CPA may be exposed to criminal as well as civil liability.
• D)A CPA is primarily responsible,while the client is secondarily responsible for the notes in an annual report filed with the SEC.