The Template Icons with a Globe in the Background Are

question 16

True/False

The template icons with a globe in the background are web app templates. ______________________

Identify the conditions under which a CPA can be held liable for negligence, fraud, and scienter.

Distinguish between different legal doctrines and rules (e.g., Ultramares rule, Restatement (Second) of Torts) that affect accountant liability.

Recognize the role of privity of contract and the impact of third-party users on accountant's liability.

Understand the implications of securities laws (e.g., Securities Act of 1933, Securities Exchange Act of 1934) on accountants' responsibilities and liabilities.

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Definitions:

GATT

The General Agreement on Tariffs and Trade, an international treaty designed to reduce tariffs and other trade barriers.

Dispute Settlement Understanding

A core WTO agreement that outlines how countries can resolve trade disputes under its framework.

WTO

Short for World Trade Organization, an international body aimed at promoting and facilitating free trade by reducing tariffs and other trade barriers.

Tariff

A tax or duty to be paid on a particular class of imports or exports, used by governments to regulate trade.