Question: CPAs must be concerned with their responsibilities in the performance of professional services. In performing an audit, a CPA a. Is strictly liable for failure
CPAs must be concerned with their responsibilities in the performance of professional services. In performing an audit, a CPA
a. Is strictly liable for failure to exercise due professional care.
b. Is strictly liable for failure to detect management fraud.
c. Is not liable unless the CPA is found to be grossly negligent.
d. Is strictly liable for failure to detect illegal acts.
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