The Failure to Use Even Minimal Care in the Conduct

question 65

Multiple Choice

The failure to use even minimal care in the conduct of the audit is called

• A)negligence.
• B)constructive negligence.
• C)fraud.
• D)scienter.

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Definitions:

Percent Increase

The percentage that represents the proportion of growth from the initial value to an increased amount.

Hourly Rate

The sum of money received for every hour worked.

Unit Price

The cost per single unit of an item or investment.

Percent Change

The measurement of the relative change of a quantity, expressed as a percentage, to denote increase or decrease from one period to another.