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.
Answer: b (there is little regard for the future growth of forests)
Explanation:
I just answered it and it's right
Answer and Explanation:
Moral standards are psychological and cultural systems that are adopted by people who wish to be involved only, in good, positive and praiseworthy activities and actions that bring benefits to society as a whole. However, it is common for some societies to see declining moral standards in their inhabitants, especially among young people. This is a very worrying thing, but it can be reversed in several ways. The most effective ways to preserve moral standards in society is through:
- Teaching children progressive and good cultural values.
- Present examples of ethical adults who participate in morally positive activities.
- Stimulate communication between people.
- Promote quality education to all social classes.
- Maintain positive, peaceful, tolerant and beneficial behaviors.
