1.Under the Ultramares doctrine, the auditors are not legally responsible in the case from third parties that do not have this feature. 

2. The CPA can use it as a defense in cases where he is sued using as based on the SEC Act of 1933.

3. Under the SEC Act of 1933, plaintiffs are not required to prove it when they sue CPAs in court. 

4. Under the SEC Act of 1934, CPAs could be proven guilty if, in addition to that they became aware of the irregularities in the financial statements, show that they also had ________. 

5. Generally, it is the best defense that auditors have when being sued in court by their clients or by third parties. List B to. Due care (due diligence) d. Intent to deceive b. Confidence (reliance) in the financial statements e. Contracting party (privity of contract) c. Negligence (ordinary negligence) f. deviation or insubstantial error.