The passage in the judgment by Cardozo, CJ in the Ultramares case, ' …… a liability in an indeterminate amount for an indeterminate time to an indeterminate class' refers to:
A) an auditor's liability to exercise due care.
B) an auditor's liability to the client.
C) an auditor's liability to third parties.
D) an auditor's statutory liability.
Correct Answer:
Verified
Q15: Which of the following cases did not
Q16: The term 'privity of contract' refers to:
A)
Q17: The more exacting auditor responsibility showing the
Q18: Which of these precautions taken by auditors
Q19: Which case does not appear to support
Q21: The outcome in the Hedley Byrne case
Q22: To determine risks and potential exposure to
Q23: As a result of the rulings in
Q24: In an audit engagement which of the
Q25: Match the case with the ruling:
Cases:
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