A(n) ____________________ fund is a type of mutual fund that buys a little of everything; it invests in a representative sample of the entire stock market.
Fill in the blank(s) with the appropriate word(s).
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Delaney is an accountant charged with negli¬gence by Estimation & Valuation Services Inc, a client. Delaney may successfully defend against the claim if he can show that
a. scienter was lacking. b. he complied with all International Financial Reporting Standards. c. the negligence was not the proximate cause of the client's losses. d. the negligence was only contributory.