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Question Number 34
An external auditor is engaged by the company owner to conduct an organizational audit and to provide a report. The auditor should seriously consider which of the following liability issues:
a. fraud, standard of care, and negligence
b. standard of care, negligence, and liability damages
c. negligence, liability damages, and fraud
d. liability damages, negligence, and standard of care
✔ Correct Answer:
a. fraud, standard of care, and negligence
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