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Slade's complaint alleges that the auditors were either negligent or committed fraud in connection with Tyler Corp. Which of the following best describes Slade's claim against Field & Co., CPAs?

a) Negligence in financial assessment
b) Fraudulent misrepresentation
c) Breach of contract
d) Lack of due diligence

User Yang Zhao
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Final answer:

Slade's claim against Field & Co., CPAs regarding Tyler Corp. pertains to allegations of either negligence in financial assessment or fraudulent misrepresentation. These claims are specific to whether the auditors failed to exercise reasonable care or deliberately provided falsified information.

Step-by-step explanation:

The question pertains to Slade's claim against Field & Co., CPAs regarding the work done for Tyler Corp. Slade's complaint that the auditors were either negligent or committed fraud leads to two distinct possibilities for the nature of the claim:

Negligence in financial assessment implies that the auditors failed to exercise the care and skill expected of a reasonable auditor in their duties, resulting in an error or oversight.

Fraudulent misrepresentation suggests a deliberate act whereby the auditors provided false information or misled stakeholders.

If Slade is alleging that Field & Co. did not perform their duties with the necessary care or knowingly misrepresented financial information, this points to either a negligence claim or a fraud claim, respectively. A breach of contract would be an allegation that the auditors violated the terms of their agreement with Tyler Corp., and a lack of due diligence might be a specific form of negligence relating to inadequate investigation or analysis.

User ToooooLong
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