Thomas Leegins,CPA,purposely omitted the confirmation of accounts receivable because of his knowledge that management had grossly overstated this account.Accounts receivable are material to the balance sheet.Leegins is most likely guilty of which of the following?
A)fraud.
B)a civil tort.
C)ordinary negligence.
D)gross negligence.

Question

Quizplus · Accepted Answer

Leegins is guilty of fraud because he intentionally omitted the confirmation of accounts receivable, knowing that management had overstated the account, which is a deliberate act of deception.

Thomas Leegins,CPA,purposely Omitted the Confirmation of Accounts Receivable Because of His