Regarding legal cases discussed in text

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Which of the following is false regarding legal cases discussed in text?

- Bily v. Arthur Young did not uphold the restatement doctrine.

- United States v. Natelli sentenced two CPAs with criminal liability under the 1934 act.

- Ultramares corporation v. Touche established Ultramares doctrine.

-Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.

The Engagement letter explains management and auditor responsibiltes.

--True

--False

Reference no: EM131467174

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