Select the appropriate case to which each is most closely related.

Established a three point test for auditor liability, including that auditors demonstrate some action to acknowledge the existence of the third party and the third party's intent to rely on the opinion and financial statements.

Multiple Choice

• Escott v. BarChris Construction Corp.

• Ernst & Ernst v. Hochfelder.

• Ultramares Corp. v. Touche.

• 1136 Tenants' Corp. v. Max Rothenberg & Co.

• Credit Alliance v. Arthur Andersen.

• State Street Trust v. Ernst.

• Smith v. London Assurance Corp.