The Second Restatement of the Law of Torts provides for auditor liability to a limited class of foreseen third parties for:
A. Only fraud.
B. Only gross negligence.
C. Either ordinary or gross negligence.
D. Only criminal acts.
Answer: C
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Ari's Cafe began operations on March 1, 2016 . The corporate charter authorized the issuance of 3,000 shares of $2 par value common stock and 1,000 shares of $3 par value, 8% cumulative preferred stock. The company's fiscal year ends on February 28 . Ari's sold 500 shares of common stock at $6 per share on April 1 . What impact does the entry to record the April 1 transaction have on total
stockholders' equity? a. No effect b. Increase by $1,000 c. Increase by $3,000 d. Increase by $6,000
Fiscal capacity is the government's ongoing ability and willingness to supply the capital and human resources needed to meet its commitments to provide services.
Answer the following statement true (T) or false (F)
The key factors section of a financial statement analysis report includes both quantitative and qualitative indicators of company performance.
Answer the following statement true (T) or false (F)
Correspondence involving bad news such as a plant closing should buffer the problem by providing evidence that the situation is not a top priority for management
Indicate whether the statement is true or false