When Courts Find Accountants Liable for Constructive Fraud, the Implication

question 74

Multiple Choice

When courts find accountants liable for constructive fraud, the implication is that:

• A) Auditors should always be liable when investors lose money due to deceit
• B) Accountants may be liable for fraud even when they had no knowledge of deceit
• C) Auditors should be able to detect all deceit by management
• D) Accountants may be held liable even to third parties to whom they did not have a duty

Understand the process and duration of crisis intervention.

Recognize the roles of various agencies in crisis situations.

Assess patients' coping strategies and support systems.

Apply communication techniques effectively in crisis situations.

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Definitions:

Focus

The center of interest or activity; paying particular attention to a specific topic or task.

Expressing Feelings

The process of communicating emotions or emotional reactions to others, either verbally or through behavior.

Screaming

Emitting a loud, sharp, piercing sound, often as a way to express extreme emotion, alarm, or pain.

Symbolically

In a manner that uses symbols or metaphorical representations to convey meanings, concepts, or ideas beyond their literal sense.