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Great State Bank Claimed That Wiles Accounting Committed Fraud in the Preparation

Question 26

Multiple Choice

Great State Bank claimed that Wiles Accounting committed fraud in the preparation of an audit.To hold the accounting firm liable,which of the following elements must be established?


A) Knowledge or reckless disregard of the truth
B) A fiduciary relationship
C) Failure to exercise due care
D) An executed engagement letter

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