Question: When performing an audit, a CPA a. Must exercise the level of care, skill, and judgment expected of a reasonably prudent CPA under the circumstances.
When performing an audit, a CPA
a. Must exercise the level of care, skill, and judgment expected of a reasonably prudent CPA under the circumstances.
b. Must strictly adhere to generally accepted accounting principles.
c. Is strictly liable for failing to discover client fraud.
d. Is not liable unless the CPA commits gross negligence or intentionally disregards generally accepted auditing standards.
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