Do you believe the legal standards of allegations with particularity sufficient facts and of no audit at
Question:
Do you believe the legal standards of allegations with "particularity sufficient facts" and of "no audit at all" cited in ABAT under Section 10(b) of the Securities Exchange Act of 1934 are too strict, too lenient, or just about right with respect to auditors' legal liability in cases similar to ABAT? Explain.
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Since the standard requires that the auditor act with the required state of mind it would seem the s...View the full answer
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Related Book For 
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
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