Exercise A -Match eight of the legal terms (A - M), listed below, with the definitions provided (64 - 71): (Please use Capital letters) A. Foreign Corrupt Practices Act H. standards failure B. Securities Exchange Act of 1934 I. business failure C. Securities Litigation Uniform Standards Act of 1998 J. absence of causal connection D. Securities Act of 1933 K. contributory negligence E. Ultramares doctrine L. lack of duty to perform F. audit risk M. nonnegligent performance G. audit failure

64. A situation in which an incorrect audit opinion is issued because it failed to comply with the requirements of auditing standards.

(2.5 Points)

65. A federal statute dealing with companies that trade securities on national and over-the-counter exchanges .Auditors are involved because the annual reporting requirements include audited financial statements.

(2.5 Points)

66. An auditor's legal defense under which the auditor claims that the client's own actions either resulted in the loss that is the basis for damages or interfered with the conduct of the audit in such a way that prevented the auditor from discovering the cause of the loss.

(2.5 Points)

67. Afederal statute that makes it illegal to offer a bribe to an official of a foreign country.

(2.5 Points)

68. Acommon-law approach to third-party liability in which ordinary negligence is insufficient for liability to third parties, because of the lack of privity of contract between the third-party and the auditor unless the third-party is a primary beneficiary.

(2.5 Points)

69. Afederal statute designed to significantly reduce the potential damages in federal securities-related litigation by providing for proportionate liability in most cases.

(2.5 Points)

70. An auditor's legal defense under which the auditor claims that the audit was performed in accordance with generally accepted auditing standards.

(2.5 Points)

71. An auditor's legal defense under which the auditor claims that the failure to follow auditing standards did not cause the damages suffered by the client