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 and Explanation:
The purpose of economic indicators lie in the very need to understand the state of the economy currently and also be able to predict future economic activities on this basis of these indicators. These economic indicators are macroeconomic such that they aim to keep the government and all other interest parties such as economists and analysts in the loop about changing economic health and performance. For example the GDP which measures the general output in a given year aims to give us a picture of the well being of the economy by giving us information on total output in a year in terms of goods and services produced and consumed such that economists are able to tell if there is an inflation or deflation for instance and what opportunities to explore
The Confederates and Union had a disagreement regarding the legitimacy of the Confederacy and the abolition of the slave trade in the US. The Confederates is a group of states in the US that are known as slave states. The Confederacy was built with the notion of eliminating slavery in the US. The Union is a government in which supports slave trade in some of the states. this what it means
The correct answer is source amnesia
There are different amnesic syndromes that can, from a clinical perspective, point to the anatomical location that helps in the diagnosis. Amnesic syndrome secondary to injury at any of the three levels referred to in the previous point has a core of clinical and neuropsychological characteristics that constitute what is generally called ”classic amnesic syndrome. ”Its diagnosis is undeniable importance in clinical practice, as well as pointing and topography of the lesion etiology.
Other types of amnesia, which are presented as selective memory deficit in different functions, but are true rarities, facilitate progress in understanding the structure and functioning of human memory.
