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MMLU-Pro / 5842 / To which of the following parties will a CPA be liable if the CPA fraudulently…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

To which of the following parties will a CPA be liable if the CPA fraudulently issues an unqualified opinion on a corporation's materially misstated financial statements? Corporate shareholders, Corporate bondholders

category

other

options

  1. No No
  2. To both parties, but only if the CPA had knowledge of the fraudulent activity
  3. Only to corporate bondholders if they can prove reliance on the misstated financial statements
  4. Yes Yes
  5. No Yes
  6. To neither party, unless they can prove reliance and financial loss due to the misstated financial statements
  7. Yes No
  8. Only to corporate shareholders if they can prove reliance on the misstated financial statements
  9. To both parties, but only if the CPA had a direct contractual relationship with them
  10. To both parties, but only if they can prove financial loss due to the misstated financial statements

src

ori_mmlu-professional_accounting

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Source and history

upstream_id / Original problem ID
5842
task_id
66f13e22-1292-5b4e-a746-02e11abb7d6b
task_key
default--test--5842
task_revision_id
1
config / split
default / test

Official source

initial import