CA Is a Minority Shareholder in ABC Co

question 11

Multiple Choice

CA is a minority shareholder in ABC Co. ,and has just completed a compilation engagement for the company.The Notice to Reader should ________.

• A)disclaim an opinion
• B)provide negative assurance
• C)include a statement that CA is not objective
• D)not be issued,since CA is not objective

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Definitions:

Vicarious Liability

A legal principle that holds an entity or individual responsible for the actions of another party, typically in an employer-employee relationship.

Personal Fault

An individual's responsibility or blame for a mistake, accident, or wrongdoing, often influencing legal judgments or penalties.

Torts Committed

Acts or omissions leading to injury or harm to someone else, resulting in legal liability for the person responsible.

Course of Employment

Activities or duties performed by an employee that are part of their job responsibilities and typically within the scope of their employment.