Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.
Explanation:
All the options except the above are true. Ultramares corporation v. Touche did establish the Ultramares doctrine.
United States v. Natelli sentenced two CPAs to prison for a year, in addition to fines, for violating the Securities Exchange Act of 1934.
Bily v. Arthur Young did not uphold the restatement doctrine. The restatement doctrine restatement doctrine makes an auditor liable to people who rely on the quality of his work be they his clients or third parties. Two high courts ruled that auditors are not liable to third parties who use their work but only to the party that contracted their work.
However, Hochfelder v. Ernst & Ernst ruled that an allegation of scienter (an intention to deceive) is not required before CPAs can be held liable as long as the actions constitute actual deception.
While rule 10b-5 of the Exchange Act states the presence of scienter as a requirement to commit an offense, the court ruled against the statute by eliminating the Scienter clause from criminal statute and ruled against Ernst & Ernst.
The justification was based around the facts that the King of Britain was used to involving the colonies in his own wars and imposing laws without having representatives from the colonies in the British Parliament. John Locke's social contract was important because people believed that they should have what he defined as unalienable rights and that they should have consent of the governed.
Answer: Awh I’m so sorry. My parents are rude to. They dont appreciate me. I just got myself emancipated 3 days ago. It’s crazy but I’ve never been so happy
Explanation:
I believe it would be B. I kinda know what it's like.
Answer: because she has a lot of energey
Explanation:
