Ricardo, an accountant, contracts to conduct an audit for Sensei Sushi Restaurants. In performing the audit, Ricardofails to detect certain misconduct. Ricardois most likely
a. liable if a normal audit would have revealed the misconduct.
b. liable if Ricardoissues a specifically qualified opinion.
c. not liable if Ricardogenerally disclaims any liability.
d. not liable if the misconduct was due to Sensei Sushi's negligence.
A
You might also like to view...
Business markets have several characteristics that contrast sharply with those of consumer markets. Name and briefly characterize five of those characteristics
What will be an ideal response?
Which type of visa allows companies to make intracompany transfers of employees working in other countries and will be on temporary assignment?
Roe Corporation owns 2,000 shares of WRJ Corporation stock. WRJ Corporation has 25,000 shares of stock outstanding. WRJ paid $4 per share in cash dividends to its stockholders. Roe's entry to record the receipt of these dividends is:
A. Debit Unrealized Gain-Equity, $8,000; credit Cash, $8,000. B. Debit Cash, $8,000; credit Dividend Revenue, $8,000. C. Debit Cash, $8,000; credit Interest Revenue, $8,000. D. Debt Long-Term Investment, $8,000; credit Cash, $8,000. E. Debit Cash, $8,000; credit Long-Term Investments, $8,000.
Which of the following are responsible for enforcing specific administrative statutes enacted by Congress?
A) independent federal administrative agencies B) state administrative agencies C) law enforcement agencies D) cabinet-level federal departments