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Author Question: Which of the following is a true statement regarding auditors' liability? (Read 27 times)

jacob816

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on: Aug 21, 2022

Question 1

Which of the auditor's defenses against client suits contends no implied or expressed contract?
◦ lack of duty
◦ non-negligent performance
◦ contributory negligence
◦ absence of causal connections

Question 2

Which of the following is a true statement regarding auditors' liability?
◦ The level of care is easy to determine in a review or compilation.
◦ Engagement letters will relieve the auditor of all liability.
◦ An auditor will always be guilty of negligence if they fail to uncover fraud.
◦ The most common source of lawsuits against CPAs is from clients.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by jacob816 on Aug 21, 2022

as4309

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jacob816

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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