Question 13

• In the U.S., if the auditor can demonstrate having performed services with the same degree of skill and judgment possessed by others in the profession, it can be said to have exercised:
• A.Prudence
• B.Scienter
• C.Nonfeasance
• D.Due Care

Question 14

• The unique aspect of auditors' legal liability in the Rosenblum v. Adler ruling is:
• A.Auditors could be held liable for ordinary negligence to all reasonably foreseeable third parties
• B.Auditors could be held liable for gross negligence to all reasonably foreseeable third parties
• C.Auditors could be held liable for fraud to all reasonably foreseeable third parties
• D.Auditors should be able to detect all deceit by management