Recklessness in the Case of an Audit Is Present If

question 18

Multiple Choice

Recklessness in the case of an audit is present if the auditor knew an adequate audit was not done but still issued an opinion, even though there was no intent to deceive financial statement users.This description is the legal term for:

• A)ordinary negligence.
• B)gross negligence.
• C)constructive fraud.
• D)fraud.

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Definitions:

Evaluative Feedback

Feedback that judges the quality or value of someone's performance or work, often with suggestions for improvement.

Projects

Individual or collaborative enterprise that is carefully planned to achieve a particular aim.

Electronic Grapevine

The informal transmission of information, rumors, or gossip among individuals within an organization through electronic means, such as email or social media.

Social Networks

Platforms and communities where individuals interact, share information, and build relationships through the internet.