Jack is suing ACC, an accounting firm, for negligently preparing an audit. To hold the accounting firm liable under the foreseen users rule, which of the following elements must be established?
a. Scienter or guilty knowledge
b. Privity of contract
c. An executed engagement letter
d. Failure to exercise due care
d
You might also like to view...
The concept of a marketing mix was originally discussed in the 1950s and included the 4 Ps as the classification of the marketing mix
Indicate whether the statement is true or false
Which section of the statement of cash flows is prepared using either the direct or indirect method?
A. Investing activities B. Financing activities C. Operating activities D. All of these answer choices are correct
Your home value is likely to be higher with all of the following, except
A) being close to a school. B) having a convenient location. C) being in an area that has just been zoned for industrial use. D) being in an area where a large retail business has just moved in.
Publicly admitting self-doubt is one factor that endears charismatic leaders with their followers.
a. true b. false