Business, 01.04.2020 22:29 jholland03

Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong financial statements of Stanley which were audited by Dennis & Co., CPAs. Bugle had engaged Dennis to audit Stanley's financial statements. While performing the audit, Dennis failed to discover certain instances of fraud which have subsequently caused Bugle to suffer substantial losses. In order for Dennis to be liable under common law, Bugle, at a minimum, must prove that Dennis:

Failed to exercise due care.

Acted recklessly or with lack of reasonable grounds for belief.

Was grossly negligent.

Knew of the instances of fraud.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:00, wonderland12372

List five words to describe your dominant culture. list five words to describe a culture with which you are not a member, have little or no contact, or have limited knowledge. can someone explain what its meaning?

Answers: 1

continue

Business, 22.06.2019 09:50, anonymous777739

Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000

Answers: 1

continue

Business, 22.06.2019 22:00, brad7330

Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?

Answers: 2

continue

Business, 23.06.2019 01:50, ryansterling200

Describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company. explain the essential skills that would make a person successful in each of the described positions. recommend one (1) of the career options. identify the most attractive features of the position.

Answers: 2

continue

You know the right answer?

Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving...