Under state law, one of the elements necessary to hold a CPA liable to a client for preparing a tax return negligently is that the CPA
A. Acted with scienter or guilty knowledge.
B. Was a fiduciary of the client.
C. Failed to exercise due care.
D. Executed an engagement letter.
Answer: C. Failed to exercise due care.
Business
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A waiver must be brought to the attention of a customer if a company that offers a high risk sporting activity hopes to avoid liability if the customer is injured
Indicate whether the statement is true or false
Business
Investors look for which of the following when reviewing the experience of the management team of a new venture?
A) Assets that can be used as collateral for the loan/investment B) Experience, talent, and integrity C) Plans for keeping the management team in place D) A hiring strategy that has the customer clearly in focus
Business