The Auditor Faces Legal Liability from Which of the Following

question 72

Multiple Choice

The auditor faces legal liability from which of the following sources?

• A)audit clients
• B)second party liability under common law
• C)civil liability under the federal banking laws
• D)criminal liability
• E)civil liability under state securities laws
• F)both A and D
• G)both B and E
• H)both C and D

Understand the role of management and workplace policies in preventing and addressing workplace injuries and disorders.

Recognize the significance of information systems in managing hazardous materials in the workplace.

Understand the distinctions between different types of stress and their effects on individuals.

Familiarize with health and safety legislation and the responsibilities of employers, supervisors, and workers.

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Definitions:

Equally Likely

A term used in probability to describe outcomes that have the same chance of occurring.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Mutually Exclusive

Referring to events that cannot both occur at the same time, implying no overlap in their possible outcomes.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 1 represents certainty.