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Under Common Law,when Performing an Audit,a CPA

Question 52

Multiple Choice

Under common law,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 failures to discover client fraud.
D) Is not liable unless the CPA commits gross negligence or intentionally disregards generally accepted auditing standards.

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