Under Common Law,which of the Following Statements Most Accurately Reflects

question 4

Multiple Choice

Under common law,which of the following statements most accurately reflects the liability of a CA who gives a fraudulent opinion on an audit of a client's financial statements?

• A)The CA is liable only to third parties who are in privity of contract with the CA.
• B)The CA is liable only to known users of the financial statements.
• C)The CA probably is liable to any person who suffered a loss as a result of the fraud.
• D)The CA probably is liable to the client even if the client was aware of the fraud and did not rely on the opinion.

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Definitions:

Randomized Controlled Trials

An experimental study design used to evaluate the effectiveness of an intervention by randomly assigning participants to groups.

MST

Short for Multisystemic Therapy, a therapeutic intervention focused on addressing the various systems surrounding a youth (family, peers, school, neighborhood) to improve behavior.

Treatment Effects

The impact or outcomes that result from a particular medical or psychological intervention or treatment.

Systems Therapies

A form of psychotherapy that views psychological problems as arising from within the individual's present environment and relationships, focusing on dynamics within the family or other systems.