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though there was no intent to deceive financial statement users. This
description is the legal term for:
9. In an action against a CPA in a jurisdiction that follows the
Ultramares doctrine, lack of privity is a viable defense provided the
plaintiff:
10. If an auditor fails to fulfill a certain requirement in the contract,
they may be guilty of:
11. While the Foreign Corrupt Practices Act of 1977 remains in
effect, its internal control provisions have been largely superseded by
which of the following?
12. In connection with the audit of financial statements, an
independent auditor could be responsible for failure to detect a
material fraud if:
13. The principal issue in cases involving alleged negligence is
usually:
14. Fraud occurs when:
15. Laws that have been passed by the U.S. Congress and other
governmental units are:
16. Tests of details of balances are specific audit procedures that are
intended to:
17. If the auditor believes that the financial statements are not fairly
stated or is unable to reach a conclusion because of insufficient
evidence, the auditor:
18. In certifying their annual financial statements, the CEO and CFO
of a public company certify that the financial statements comply with
the requirements of:
19. In testing for cutoff, the objective is to determine:
20. The most important general ledger account included in and
affecting several cycles is the:
21. Management assertions are:
22. The cycle approach to auditing:
23. The responsibility for the preparation of the financial statements
and the accompanying footnotes belongs to:
24. The responsibility for adopting sound accounting policies and
maintaining adequate internal control rests with the: