Thomas Leegins,CPA,purposely Omitted the Confirmation of Accounts Receivable Because of His

question 23

Multiple Choice

Thomas Leegins,CPA,purposely omitted the confirmation of accounts receivable because of his knowledge that management had grossly overstated this account.Accounts receivable are material to the balance sheet.Leegins is most likely guilty of which of the following?

• A)fraud.
• B)a civil tort.
• C)ordinary negligence.
• D)gross negligence.

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Definitions:

Intracellular Mediator Molecules

Intracellular mediator molecules are substances within cells that transmit signals from receptors to target molecules, involved in various biochemical pathways.

Cascade Effect

A process where one event precipitates a series of subsequent events, often amplifying the initial triggering condition.

Protein Kinase

An enzyme that modifies other proteins by chemically adding phosphate groups to them, impacting their activity.

Calmodulin

Protein receptor for Ca2+ that plays a role in many Ca2+-regulated processes, such as smooth muscle contraction.