Match the following expressions in List A with the terms in List B. Do not repeat terms when matching. Also, some of the terms will not be used. List A ___ 1. Under the Ultramares doctrine, the auditors are not legally responsible in the event 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 The CPA can use it as a defense in cases where he is sued using the SEC Act of 1933 as a basis. Answer 1 To choose... Under the Ultramares doctrine, the auditors are not legally responsible in the case of third parties that do not have this characteristic. Answer 2 To choose... Under the SEC Act of 1934, CPAs could be proven guilty if, in addition to knowing about the financial statement irregularities, it was shown that they also had ________. Answer 3 To choose... Under the SEC Act of 1933, plaintiffs are not required to prove it when they sue CPAs in court. Answer 4 To choose... Generally, it is the best defense auditors have when they are sued in court by their clients or by third parties. Answer 5 To choose... Question 19 Answer saved Score as 2.00 UnmarkedMark question Statement of the question Under the quality control system established by a CPA firm, the rule that requires said firm to keep a record of any of its auditors who have previously been employed by one of the clients, is known as to. Adequate performance b. monitoring c. Ethical provisions d. professional relations