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Author Question: The U.S. Supreme Court ruled in 1976 inHochfelder v. Ernst & Ernstthat before CPAs could be held ... (Read 49 times)

haydenjmcm

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on: Aug 21, 2022
The U.S. Supreme Court ruled in 1976 in Hochfelder v. Ernst & Ernst that before CPAs could be held liable for Rule 10b-5 of the Securities Exchange Act of 1934, the auditor's ________ would be required to be shown to the court.
◦ ordinary negligence
◦ gross negligence
◦ knowledge and intent to deceive
◦ financial gain at the expense of the plaintiff
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by haydenjmcm on Aug 21, 2022

DevinBrifm

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Reply #1 on: Aug 21, 2022
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haydenjmcm

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

cam1229

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Thanks for the timely response, appreciate it

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