The Ernst & Ernst V

question 100

Short Answer

The Ernst & Ernst v.___________________ case concluded that auditors might be liable for gross negligence under the Securities Exchange Act of 1934 even in the absence of scienter.

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Definitions:

Conjunction

In logic, an operator that connects two statements or propositions so that the resulting statement is true only if both components are true.

Disjunction

A logical operation yielding a true value if at least one of its operands is true.

Conditional

A statement in logic that is compound and expresses a factual possibility or hypothetical situation and its consequence.

Biconditional

A logical connective indicating a statement in which two conditions are both necessary and sufficient for each other.