Under Tort Law, to Prove That an Auditor Has Been

question 36

Multiple Choice

Under tort law, to prove that an auditor has been negligent the plaintiff must establish

• A) there was a breach of the duty of care.
• B) a loss was suffered as a result of the breach of duty of care.
• C) a duty of care was owed by the auditor.
• D) all of the above

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Definitions:

Long-Term Investments

Assets intended to be held for more than one year, including stocks, bonds, or real estate, to generate revenue or appreciate in value.

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically involving regular interest payments and the return of the original investment at maturity.

Stock Investments

Purchasing and holding shares of stock in a company with the expectation of earning a return in the form of dividends, capital gains, or both.

Common Stock

A type of security that represents ownership in a corporation, granting shareholders voting rights and a share in the company’s profits through dividends.