Norm is an accountant. With respect to an allegation of negligence by Online Retail Inc., one of Norm's clients, Norm's violation of generally accepted accounting principles and generally accepted auditing standards
A)does not indicate that Norm was negligent.
B)is prima facie evidence that Norman was negligent.
C)precludes Norm from raising any defense against a negligence claim.
D)relieves Norm of any legal liability but not professional ethics sanctions.

Question

Quizplus · Accepted Answer

Violating generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS) is considered prima facie evidence of negligence. This means that if it is proven that Norm violated these standards, it is presumed that he was negligent unless he can provide evidence to the contrary.

Norm Is an Accountant