When the Client and the Auditor Are Both Sued and Judgment

question 95

Multiple Choice

When the client and the auditor are both sued and judgment is rendered against both,the auditor will be required to settle the entire judgment if the client is bankrupt.Which of the following is a representation of the above?

• A)Private Litigation Reform.
• B)Joint and several liability statutes.
• C)Comparative fraud.
• D)The Securities Acts.

---

Definitions:

Stressed

Experiencing mental or emotional strain or tension.

Manage Stress

Techniques and strategies used to control and reduce stress and its effects on one’s physical or mental health.

Response

A reaction to something, such as an answer in a conversation, or the outcome of a stimulus in an experiment.

Healthy Meal

A balanced diet that provides essential nutrients to the body, promoting overall well-being.