Regulation-CPA liab Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Question | Answer |
Negligence defense | followed GAAS |
To prove Constructive gross negligence(fraud) must | 1 material misrepresentation, 2 reckless disregard to the truth, 3 reasonable reliance, 4 actual damages |
Ultra mares rules min vs majority | mere foreseeable 3rd party recover damages( minority), foreseen ( NOT merely foreseeable )3rd party can recover-F/S was intended for. |
To establish Scienter | plaintiff must prove actual or constructive knowledge of misrep by CPA |
To establish Common Law CPA liability (also 1934) | 1 mateial misrepresentation, 2 Scienter (intent or reckless), 3 reasonable reliance, 4 actual damages. - does NOT require due diligence. |
CPAs working papers | not subject to privileged communication rules, but are NOT Xferrable in a practice sale without client's consent |
Created by:
baurjan
Popular Accounting sets