Which of the following statements is true of intentional misrepresentation?
A. Generally, in a negligence or contract action, the client is limited to recovering compensatory damages.
B. Under a punitive damage award, the client will always receive a lesser amount than his actual loss.
C. Generally, if an accountant is found liable in fraud, the client is not entitled to recover punitive damages.
D. An accountant cannot be liable in fraud for any losses suffered by the client from the time when the audit should have discovered the embezzlement.
Answer: A
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