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please answer 28 to 32 all questions as soon as possible Thankyou please answer 28to 32 28. Based only on the original outcome of the
please answer 28 to 32 all questions as soon as possible Thankyou please answer 28to 32
28. Based only on the original outcome of the Ultramares case, to which of the following parties will an accountant be liable for negligence? DAll third parties Foreseen third parties 3 Parties in privity Forseeable third parties 29. An auditor will only enter into negotiation or arbitration related to a lawsuit if Dthe auditor is guilty the auditor is not guilty but is concerned that the plaintiff may prevail 3 the auditor believes it will cost less to settle a case than pursue defending against the allegations All of the above may cause an auditor to agree to a settlement 30. The responsibility of a CPA when performing an audit is to Dcorrect any departures from GAAP in the client's financial statements 2behave as a "reasonably prudent CPA would in performing the audit 3find fraud be limited to avoiding gross negligence and constructive fraud 31. If a CPA is sued using the 1934 Act, 10b-5, which of the following does a shareholder need to prove prevail in the suit? DIntentional misleading conduct intended to damage the shareholders (scienter) by the auditor Negligence by the auditor 3a and b neither a nor b 32. An RFP Dis required for a client to change auditors contains information about the proposal process nad engagement 3is only used by publicly traded companies Pis issued by the auditorStep by Step Solution
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