Please can someone help me, I dont quite understand? I have a deadline Thursday ....thank you

Module'15'Assignment' ACCT'107' ! Shouldbe! Company! engaged! the! accounting! firm! of! Money! &! Money! to! audit! financial! statements! to! be! used! in! connection! with! an! interstate! public! offering! of! securities.!!The!audit!was!completed!and!an!unqualified!opinion!was!expressed!on! the!financial!statements!that!were!submitted!to!the!SEC!along!with!the!registration! statement.!!Two!hundred!thousand!shares!of!Shouldbe!common!stock!were!sold!to! the!public!at!$11!per!share.!!Eight!months!later!the!stock!fell!to!$2!a!share!when!it! was! disclosed! that! several! large! loans! to! two! \"paper\"! corporations! (corporations! with!no!operations)!100%!owned!by!one!of!the!directors!were!worthless.!!(The!loans! were! secured! by! the! stock! of! the! borrowing! corporations.)! ! These! facts! were! not! disclosed! in! the! financial! statements.! ! The! director! involved! and! the! two! corporations!are!insolvent.! ! ! ! True! False! The!Securities!Act!of!1933!applies!to!the!aboveNdescribed!public! ! ! offering!of!securities.! Money! &! Money! has! potential! liability! to! any! person! who! ! ! acquired!the!stock.! Under! the! 1933! Act,! investors! who! bought! shares! in! ShouldBe! ! ! need! only! show! that! they! sustained! a! loss! and! that! failure! to! explain! the! nature! of! the! loans! in! question! constituted! a! false! statement!or!misleading!omission!in!the!financial!statements.! Money!&!Money!could!avoid!liability!if!the!plaintiff!can't!prove! ! ! negligence.! Money! &! Money! could! avoid! or! reduce! the! damages! asserted! ! ! against!them!if!they!could!establish!that!the!drop!in!the!stock's! market!price!was!due!in!whole!or!in!part!to!other!causes.! The! SEC! would! defend! any! action! brought! against! the! ! ! accountants! in! that! the! SEC! examined! and! approved! the! registration!statement.! ! ! For!each!definition!(or!portion!of!definition)!in!the!first!column,!select!the!term!that! best!applies.!!Each!term!may!be!used!only!once!or!not!at!all.! ! ! ! Every!defendant!is!fully!liable!for!all!assessed!damages! ! Failure! of! a! party! to! a! contract! to! perform! in! accordance! with! the! contract's!provisions.! ! An!absence!of!reasonable!care!in!the!conduct!of!an!engagement! ! Intent!to!deceive! ! Unwritten!law!that!has!developed!through!court!decisions! ! Written!law!created!by!state!or!federal!legislative!bodies! ! Extreme!departure!from!professional!standards!of!due!care! ! Actions!taken!with!intent!to!commit!fraud! ! ! a.! Breach!of!contract! b.! Common!law! c.! Constructive!fraud! d.! Fraud! e.! Joint!and!several!liability! f.! Negligence! g.! Proportionate!liability! h.! Scienter! i.! Securities!Act!of!1933! j.! Securities!Exchange!Act!of!1934! k.! Statutory!law! l.! Torts! ! ! ! ! Module'14'Assignment' ACCT'107'' ! Descriptions! of! potential! needs! for! clients! for! assurance! services! are! listed! below.!! Part' 1.! ! For! each! need,! identify! the! type! of! service,! if' any,! that! would! best! (most! efficiently)!meet!the!client's!need:! Financial!projection! Financial!forecast! AgreedAupon!procedure! Audit! Review! Compilation!! ! Part'2.''Indicate!whether!SSAE,!SSARS,!or!GAAS!would!apply!to!the!service.! ! ! Service! Standards! A.! ! A! computer! manufacturing! company! wants! to! ! ! provide!assurance!about!estimated!future!results!to!be! included!in!the!company's!annual!report.! B.! ! A! grocery! store! wants! to! verify! that! its! prices! are! ! ! less!than!the!prices!of!its!competitors.! C.! ! A! company! wants! a! professional! looking! set! of! ! ! financial!statements!to!provide!to!an!interested!buyer.! D.! ! A! company! is! considering! expanding! operations! ! ! overseas! and! wants! to! provide! assurance! about! the! estimated! future! results! to! be! provided! to! potential! investors.! E.!!A!bank!wants!a!CPA!firm!to!confirm!A/R!balances!of! ! ! a! company! that! has! pledged! the! receivables! as! collateral!for!a!loan.! F.! ! A! company! is! applying! for! a! loan! with! their! bank.!! ! ! The!bank!does!not!require!an!audit.! G.! ! A! potential! investor! has! asked! the! company! to! ! ! provide! absolute,! independent! assurance! that! the! revenues! reported! on! the! most! recent! financial! statements! represent! the! income! earned! during! the! period