An accountant's failure to follow generally accepted auditing standards in conducting an audit generally amounts to:

Question

Quizplus · Accepted Answer

When an accountant fails to follow generally accepted auditing standards in conducting an audit, it amounts to negligence, which is a breach of duty to exercise reasonable care in performing the audit. Fraud involves intentional misrepresentation or deceit, which may or may not be present in this scenario. Promissory estoppel, reliance, and falsification are not relevant in this context.

An Accountant's Failure to Follow Generally Accepted Auditing Standards in Conducting