Question $15(4$ points$)$

When performing an audit under common law, Silvia, CPA:

Must exercise the level of care, skill, and judgment expected of a reasonably

prudent CPA under the circumstances.

Must strictly adhere to International Financial Accounting Reporting Principles.

Is not liable unless the CPA commits gross negligence or intentionally disregards

generally accepted auditing standards.

Must strictly adhere to generally accepted accounting principles.

Is strictly liable for failures to discover client fraud