Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

AAA Vocabulary > Block 1 - Professional Liability > Flashcards

Block 1 - Professional Liability Flashcards

1
Q

Professional liability

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Circumstances

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Liable

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Negligent

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Shareholders

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Stakeholders

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

File

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Limit/reduce liability

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Mistake/error

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Unintentional

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Intentional

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Window Dressing

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Tax authorities

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Potential investor

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Stock market

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Duty of care

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Professional scepticism

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Professional judgement

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Enforceable by Law

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Engagement letter

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Agency relationship

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Automatic

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Breach

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Allegation

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Documentary evidence

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Argument

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Court

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Loss

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

Quantified

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

Share price

A
31
Q

Loss of wealth

A
32
Q

Compensation

A
33
Q

Bannerman Case

A
34
Q

Liability in tort

A
35
Q

Contract

A
36
Q

Third party

A
37
Q

Title of audit report

A
38
Q

Professional competence and due care

A
39
Q

Professional behavior

A
40
Q

Stakeholder claim

A
41
Q

Knowledge gathering

A
42
Q

Distributors, retailers

A
43
Q

Known stakeholders

A
44
Q

Civil liability

A
45
Q

Penalty

A
46
Q

Criminal liability

A
47
Q

Liquidate

A
48
Q

Blacklist

A
49
Q

Regulators

A
50
Q

Limiting

A
51
Q

Increase quality of work

A
52
Q

Proactive reassessment

A
53
Q

Quality management

A
54
Q

Disclaimer of liability paragraph

A
55
Q

Audit report

A
56
Q

This audit report is solely for the company’s shareholders

A
57
Q

Exclusion clause protection

A
58
Q

Consent

A
59
Q

Non-discretionary

A
60
Q

Disagreement

A
61
Q

Gearing

A
62
Q

Bank relationships

A
63
Q

Negotiations

A
64
Q

Incorporation

A
65
Q

Adverse effects

A
66
Q

Tax, audited financial statements

A
67
Q

Limited liability partnership

A
68
Q

Capping liability

A
69
Q

$4 million listed

A
70
Q

$1 million unlisted

A
71
Q

Unintentional negligence

A
72
Q

Management responsibility

A
73
Q

Auditor limitations (sample, material, time)

A

AAA Vocabulary (17 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions