What must a defendant show for a strict liability defence?
ANormal industry practice
BEarly penalty payment
CIgnorance of the law
DEvery reasonable precaution
Answer & Solution
Correct answer: D. Every reasonable precaution
Meeting the normal industry standard of care is not enough; the defendant must show every reasonable precaution was taken.
Keep practising Due Diligence
Browse all Due Diligence questions for CA Final, or explore more Auditing topics.
Related questions
Which UK Act covers confiscation of crime proceeds?Which modern technology helps forensic accountants parse large unstructured data quickly?Why not use only internal audit checklists in a fraud probe?Forensic accountants help in which family law matter?A forensic accountant checks a vendor list for names with no real business behind them. WhWhat kind of opinion must a UK expert witness give?Which ICAI certificate course suits forensic accountants?The J-score assumes that which item is harder to manipulate than an asset's inflated value