The girl tried to search for the old man who helped her, but she didn’t remember his look due to the heavy rain. She was roaming the streets with the umbrella, given by the old man, when she heard an old woman shouting.
"Thief! Catch him! He stole my purse!"
The thief was running towards her. Guided by her insincts, she hit the thief with her umbrella, which caught him off guard and allowed his capture. However, the umbrella gifted to her by the old man got broken. The girl frowned as the old woman she helped approached to thank her. The old woman saw a shimmering in the girl's eyes, as if she was holding back tears, and she followed the girl's gaze to the bent umbrella in her hands.
Seeing this the old woman spoke with a soft, compassionate tone, “Don’t worry little girl. I will mend this umbrella and return it to you."
"No thank you." The girl sighed softly, "If I may, I request that you should mend the umbrella and help someone else who needs it, should the occasion arise." She gave the old woman a smile and handed it to her.
The old woman mended that umbrella and always carried it with her, just in case.
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:
The correct answer is C. self-regulated System-2 thinking.
Explanation:
Critical thinking can be defined as a progressive process that has the characteristic to be open-minded, of continual inquiry and perseverance, combined with a willingness to look at each unique patient situation and determine which id assumptions are true and relevant. System 2 is part of our reflective thinking system and the best way to develop and refine our System 2 reasoning is to improve our critical thinking skills.
Using a single formatting B. Style helps to make reading researched information easier; it lets the reader know what to expect.
