The Ultramares v. Touche case established that auditors could be held liable to any foreseen third party for ordinary negligence.
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Q3: Under which common law approach are auditors
Q5: The auditors can be held liable for
Q6: Assume that $500,000 in damages are awarded
Q8: Under Section 10 of the 1934 Securities
Q9: Assume that $500,000 in damages are awarded
Q9: An auditor knew that the purpose of
Q10: The use of engagement letters is generally
Q12: The precedent set by the Hochfelder v.
Q15: Fraud is defined as failure to use
Q16: Most charges made against auditors under common
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