The Fourth Amendment states that "the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable UNREASONABLE SEARCHES AND SEIZURES, shall not be violated, and no Warrants shall issue, but upon PROBABLE CAUSE."
To stop sexual harassment it is important to instill to everyone that we need to respect one another because that is where everything started. If there is no respect, we will find it difficult to look at other persons without being judgmental.
Wealth and power, Loyalty to their leaders , The will to fight to the death, Resistance to European diseases
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.
