The Securities Act of 1933 a. Extended the auditors liability for ordinary negligence under common law. b.

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The Securities Act of 1933

a. Extended the auditor’s liability for ordinary negligence under common law.

b. Created foreseen and foreseeable parties.

c. Reversed the decisions made in the Ultramares case.

d. Provided that third parties could sue the auditor for ordinary negligence under statutory law.

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Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

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Question Posted: May 09, 2024 03:30 AM

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The Securities Act of 1933 a. Extended the auditors liability for ordinary negligence under common law. b.

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The correct answer is d Provided that third parties cou...View the full answer

Auditing Integrated Concepts And Procedures

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