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AU 62 Exam 2025 Questions and Answers

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Verified set of exam questions and answers for AU 62 in 2025, covering essential auditing and assurance principles in alignment with current standards.

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AU 62 Exam 2025 Questions and
Answers


legal liability - ✔✔obligation of a person to pay a sum of money to another person

civil law vs criminal law - ✔✔civil- law that applies to legal matters and protects rights
for breaches of duties owed to others




criminal- law that imposes penalties for wrongs against society

tort - ✔✔wrongful act or omission not a crime or breach of contract, protects rights of
individuals

types of torts - ✔✔negligence, intentional, strict liability

negligence - ✔✔failure to exercise a degree of care that a reasonable person would to
avoid harming others




Ie driving at a fast speed

strict liability - ✔✔imposed by a court in a absence of fault

when harm results from activites that are extremely dangerous

hold harmless agreement - ✔✔one party assumes legal liabability of another party



COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 1

, proximate cause - ✔✔a cause that produces an event and without which even would
not have happened

unbroken continuous sequence

but for rule - ✔✔determines wheter the defendants act was the proximate cause of harm
bc the plaintiffs harm could not have occurred but for the defendants act

substantial factor rule - ✔✔determin proximate cause by determining which of the acts
are significant factors in causing harm

foreseeability rule - ✔✔determine approximate cause when a reasonable person would
have foreseen the harm

negligence per se - ✔✔an act considered inherently negligent because of a violation of a
law or ordinance

res ipsa loquitur - ✔✔negligence is inferred simply by an accident occuring

invitee - ✔✔person who enters a premises for the financial benefit of the owner or
occupant

contributory negligence - ✔✔prevents a harmed person from recovering damages if
that's persons OWN negligence contributed in any way

comparative negligence - ✔✔requires both parties to a loss to share financial burden of
bodily injury or prop damage according to their degrees of fault

assumption of risk defense - ✔✔bars a plaintiffs recovery for harm caused by
defendants negligence if the plaintiff voluntarily incurred risk of harm

pure comparative negligence rul - ✔✔plaintiff can recover damages discounted by his
or her own percentage of negligence




COPYRIGHT © 2025 BY OLIVIA WEST, ALL RIGHTS RESERVED 2

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