Assume that a client has encountered a $800,000 fraud and that the CPA's percentage of responsibility...
Assume that a client has encountered a $800,000 fraud and that the CPA's percentage of responsibility established at 20%, while the company itself was responsible for the other 80%. Under which approach to liability is the CPA most likely to avoid liability entirely?
| A |
Absolute negligence. |
|
| B |
Contributory negligence. |
|
| C |
Comparative negligence. |
|
| D |
Joint Negligence. |
Homework Answers
Answer is option B contributory negligence. In this auditor can defend by saying that the company itself contributed majorly for the fraud for example that company knew about the fraud still didn't take corrective action.
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