Major, Major, and Sharpe, CPA's, Are the Auditors of MacLain

question 39

Multiple Choice

Major, Major, and Sharpe, CPA's, are the auditors of MacLain industries. In connection with the public offering of $10 million of MacLain securities, Major expressed an unqualified opinion as to the financial statements. Subsequent to the offering, certain misstatements and omissions are revealed. Major has been sued by the purchasers of the stock offered pursuant to the registration statement, which include the financial statements audited by Major. In the ensuing lawsuit by the MacLain investors, Major will be able to avoid liability if

• A) The errors and omissions were caused primarily by MacLain
• B) It can be shown that at least some of the investors did not actually read the audited financial statements
• C) It can prove due diligence in the audit of the financial statements of MacLain
• D) MacLain had expressly assumed any liability in connection with the public offering

Describe different approaches to diagnosing and categorizing schizophrenic disorders.

Understand the concept and implications of expressed emotion in the context of schizophrenia.

Identify the characteristics and diagnostic criteria of Antisocial Personality Disorder.

Recognize cultural influences on the manifestation and understanding of mental disorders.

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Definitions:

Psychological Disorders

Psychological disorders are patterns of behavioral or psychological symptoms that impact multiple areas of life and/or create distress for the individual suffering from them.

Psychotherapy

A form of therapy that involves talking with a mental health professional to address emotional issues and mental disorders.

Free Association

In psychoanalysis, a method of exploring the unconscious in which the person relaxes and says whatever comes to mind, no matter how trivial or embarrassing.

Repress

To unconsciously block unpleasant feelings, desires, or experiences from one's awareness as a defense mechanism.