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.
<span>If you flew from Hanoi to Manila you would cross the South China Sea.</span>
Jaun's tendency can be called a: self-serving bias.
<h3>What is Self-serving Bias?</h3>
Self-serving bias can be described as the tendency of an individual to always take credit for positive events or outcomes that happens while they tend to blame external factors for the cause of failure or negative outcomes.
Therefore, Jaun's tendency can be called a: self-serving bias.
Learn more about self-serving bias on:
brainly.com/question/1325291
The ruling in Roe v. Wade made state laws outlawing abortion unconstitutional. The ruling did still allow states to place some restrictions on the practice, such as not allowing abortions in third trimester.
