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Answer all three questions in one. Describe some civil and criminal consequences if CPAs/auditors...

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Accounting

Answer all three questions in one.

  • Describe some civil and criminal consequences if CPAs/auditors fail to follow professional standards.
  • Summarize some things that CPAs can do to limit their liability and prevent lawsuits.
  • Determine whether the liability risk to CPAs/auditors is appropriate, too high, or too low.

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