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When Performing an Audit, a CPA

Question 50

Multiple Choice

When performing an audit, a CPA


A) Must exercise the level of care, skill, and judgment expected of a reasonably prudent CPA under the circumstances.
B) Must strictly adhere to generally accepted accounting principles.
C) Is strictly liable for failing to discover client fraud.
D) Is not liable under any legal standard unless the CPA commits gross negligence or intentionally disregards generally accepted auditing standards.

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