In the tort of negligence the legal term 'injuria' means?

In the tort of negligence the legal term 'injuria' means?
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The auditor's defense of contributory negligence is most likely to prevail when a. Third party injury has been minimal. b. The client is privately held as contrasted with a public company. c. Undetected errors have resulted in materially misleading financial statements. d. The auditor fails to detect fraud resulting from management override of the control structure

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Jessie Cruz, CPA, forgot to test a client’s assessment of goodwill impairment during an audit. Such an act is probably an example of: a. Due diligence b. Reckless professional behavior c. Ordinary negligence d. Fraud

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The auditor's defense of contributory negligence is most likely to prevail when a. Third party injury has been minimal. b. The client is privately held as contrasted with a public company. c. Undetected errors have resulted in materially misleading financial statements. d. The auditor fails to detect fraud resulting from management override of the control structure.

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Last Answer : The auditor fails to detect fraud resulting from management override of the control structure.

The principal issue to be resolved in cases involving alleged negligence is usually a. The amount of the damages suffered by the users of the financial statements. b. Whether to impose punitive damages on defendant. c. The level of care required to be exercised. d. Whether defendant was involved in fraud.

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Of the following statements, which best distinguishes ordinary negligence from gross negligence? a. The more material the undetected error the greater the likelihood of ordinary negligence. b. Gross negligence is most probable when the auditor fails to detect errors that occurred under conditions of strong internal control. c. Failure to detect material errors, whether internal control is strong or weak, suggests gross negligence. d. Failure to exercise reasonable care denotes ordinary negligence, whereas failure to exercise minimal care indicates gross negligence

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If a CPA recklessly abandons standards of due care and diligence while performing an audit, he or she may be held liable tounknown third parties for:a. Gross negligence.b. Fraudulent misconduct.c. Gross misconduct.d. Contributory negligence.

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The auditor's responsibility for failure to detect fraud arises a. Whenever the amounts involved are material. b. When such failure clearly results from noncompliance to generally accepted auditing standards. c. Only when such failure clearly results from negligence so gross as to sustain an inference of fraud on the part of the auditor. d. Only when the examination was specifically designed to detect fraud

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Last Answer : When such failure clearly results from noncompliance to generally accepted auditing standards.

The auditor is not liable to his client for a. Negligence. b. Bad faith. c. Errors of judgment d. Dishonesty

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Which of the following conditions suggests auditor negligence? a. Failure to detect collusive fraud perpetrated by members of middle management. b. Failure to detect collusive fraud perpetrated by members of top management. c. Failure to detect errors occurring outside the internal control structure. d. Failure to detect material errors under conditions of weak internal control

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The following irregularities occur, they must invariably be noted in the Record officer’s daily report (a) Non-attendance or late attendance of a Sorting Assistant on the attendance day at the Record (b) Negligence on the part of a Sorting Assistant, as evidence by the number of complaints received against him, or by careless preparation of work-papers; (c) loss of Sorting Assistant’s metal token; or sorting list (d) loss of, or damage to any article supplied to the set; (e) All the above

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CPAs should not be liable to any party if they perform their services with: a. Ordinary negligence. b. Regulatory providence. c. Due professional care. d. Good faith

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Which of the following is not one of the grounds for proceedings against a CPA? a. Insanity. b. Immoral or dishonorable conduct. c. Gross negligence or incompetence in the practice of his profession. d. Engaging in public practice while being employed in a private enterprise

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In the auditing environment, failure to meet the PSAs is often a. An accepted practice. b. A suggestion of negligence. c. Conclusive evidence of negligence. d. Tantamount to criminal behavio

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The auditor's best defense when material misstatements in the financial statements are not uncovered in the audit is that a. The financial statements are client's responsibility. b. The audit was conducted in accordance with PSAs c. Client is guilty of contributory negligence. d. The audit was conducted in accordance with generally accepted accounting principles.

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Which of the following is not a ground for suspension or removal of members of BOA? a. Negligence in the performance of duties, or lack of professional competence. b. Intolerance of violations of the Philippine Accountancy Act. c. Final judgment of crimes involving moral turpitude. d. Rigging of the CPA licensure examination results.

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Last Answer : Intolerance of violations of the Philippine Accountancy Act.

No compensation will be payable in case a) For loss or damage caused by the fault or negligence of the senderb) Article is prohibited by transmission by postc) For damage in case in which the contents of the registered article are liquid or perishable articles or articles of and exceptionally fragile nature.d) All the above

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Engineering disaster is simply referred to those disasters when it is caused by an engineering failure like – (a) Design flaws or materials failures (b) Insufficient knowledge or underestimations (c) Carelessness or negligence (d) All the above.

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Last Answer : (d) All the above.

If your colleague entangles you in the act of negligence of duties with the help of principal how would you behave with him? Options: A) Revengeful and will give physical and mental shock to him B) You will neglect him C) You will insult him among the colleagues D) You will keep yourself alert and make his efforts unfruitful

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What is the lacuna in legal means of political reform? -SST 10th

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What common legal item literally means under penalty?

Description : What common legal item literally means under penalty?

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B2C commerce a. includes services such as legal advice b. means only shopping for physical goods c. means only customers should approach customers to sell d. means only customers should approach business to buy

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What common legal item literally means under penalty

Description : What common legal item literally means under penalty

Last Answer : Subpoena