Please help me with these multiple choice questions: thank you!

Question 1

Many of the major legal cases against public accountants have dealt with:

a	disputes over income tax preparation services.
b	disputes arising in the performance of MAS contracts.
c	disputes over the accuracy of bookkeeping services.
d	audited financial statements.

Q2.Auditors are liable to their clients for:

A	presentation of the financial statements.
B	the efficient operations of the audit clients reporting function.
C	failure to perform the audit with due care.
D	errors of judgement made in good faith.

Q3

According to the profession's ethical standards, an auditor would be considered independent in which one of the following instances?

a	The auditor is also a solicitor advising the client.
b	An employee of the audit firm acts as the honorary treasurer for a charity that is an audit client.
c	The auditor's main bank account is held at a client financial institution.
d	The client owes the auditor fees for the last two annual audits.

Q4

Auditing is highly regulated, subject to many regulatory influences, including: 1. professional bodies 2. stock exchanges 3. government regulatory agencies 4. state and federal legislation

A	1, 2, & 4
B	1, 2, & 3
C	1, 3, & 4
D	1, 2, 3, & 4

Q5

It is clear from s. 199A of the Corporations Act that auditors:

	cannot contract out of their duty to client companies.
	have the defence of contributory negligence available to them.
	can design clauses in letters of engagement to exempt or indemnify an auditor from or against any legal liability that would otherwise attach are valid.
	all of the above