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Question: The demise of Arthur Anderson, one of the world's largest CPA firms during the Enron scandal, taught all of us how quickly an accounting enterprise can destroy all allegations of improper accounting activity. How broadly should Courts hold Accountants liable to third parties? Is the Ultramares Doctrine or the Restatement Doctrine likely to be the prevailing standard in the long run?

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Accounting Basics, Accounting

Category:- Accounting Basics
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