Joe Smith is a recent graduate from Sunset College.While at Sunset College,he majored in Business.In his interview for an auditor position at Supermart Inc. ,Mr.Smith convinced the hiring manager he knew enough accounting to perform the job,but in fact,Mr.Smith does not understand Generally Accepted Auditing Standards (GAAS).Mr.Smith has failed to show professional care and could be liable for his actions as an auditor because of his lack of skills.
Correct Answer:
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Q1: Under two of the subsections of Section
Q2: An accountant performing an audit of a
Q3: Under Section 11 of the Securities Act
Q4: The duty of trust requires a professional
Q6: If a state recognizes a privilege,like accountant-client privilege,then
Q7: An accountant can be required to bring
Q8: The professional's duty to exercise reasonable care
Q9: Professionals' tort liability to their clients may
Q10: Usually,only clients sue professionals under the securities
Q11: Under Section 11 of the Securities Act
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