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qid 5347 · other
Question: If a CPA recklessly departs from the standards of due care when conducting an audit the CPA will be liable to third parties who are unknown to the CPA under the law of
- Unintentional tort.
- Gross negligence.
- Fraud.
- Breach of contract.
- Breach of warranty.
- Negligence.
- Misrepresentation.
- Constructive fraud.
- Professional malpractice.
- Strict liability.
Our answer: B. Gross negligence. Source quote machine-checked (strict)
How it was answered
Multi-step solver (maze), replayed by code
Current source
Wikipedia, "Legal liability of certified public accountants"
https://en.wikipedia.org/wiki/Legal_liability_of_certified_public_accountants
“gross negligence is the lack of concern for the likelihood that injuries will result.”
Source quote machine-checked (strict)
Earlier version (superseded)
No public source has been found for this card yet (3 places checked internally).
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