Typically an accountant can be found responsible for all these except: Fraud Bre
ID: 2722893 • Letter: T
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Typically an accountant can be found responsible for all these except: Fraud Breach of Contract Negligence Strict liability The state law rule of liability of accountants for negligence to third parties most favorable to accounts is: The Ultramares doctrine The restatement of torts standard The for-see-ability standard The National Accountancy Board standard In the unraveled film Mark Dreier forged and created false promissory notes in the amount of millions of dollars where the maturity date was often more than a year after the issuance of these notes. Were these notes classified as a security governed under the SEC Acts of 1933? Yes No Short Answer Write on Answer Sheet: Unraveled Film... There is no question that Mark Dreier acted illegally and unethically; however, just like we saw in the cases of accounting fraud and negotiable instrument failures, the systems of checks and balances also allowed the fraud to happen.... Identify one failure (for example on the part of hedge funds, the accounting company, the real estate developer) in this case and how it could have been prevented. You need only identify one single failure and how you would have fixed it. Write on answer sheet. BONUS doesn't count against you. On October 30^th, there was a bonus question for the people who showed up: In the Space for question 35 write the bonus word.Explanation / Answer
31) D)Strict Liability Strict liability applies when a defendant places another person in danger , accountant role doesnot put defendant place in danger.
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