Question 1
The Sarbanes-Oxley Act of 2002 is an example of a statutory law passed by the U.S. Congress which affects auditors.
◦ true
◦ false
Question 2
Three approaches to the application of the foreseen users' concept are (1) the C
redit Alliance approach, (2) the
Restatement of Torts approach, and (3) the foreseeable user approach. Summarize each of these three approaches.