Lauren hires Humphrey,a CPA,to audit her financial statements.The engagement letter includes a statement acknowledging that audited financial statements are required to be filed with a regulatory body by October 1.Humphrey does not complete the audit until October 5.Lauren is late filing the financial statements and is fined $100,000 by the regulatory body.Lauren would most likely sue Humphrey claiming
A) breach of contract.
B) ordinary negligence.
C) gross negligence.
D) constructive fraud.
Correct Answer:
Verified
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