Using the following letters, identify the case to which each statement is most closely related.
1.Third parties cannot rely on reviewed financial statements to the same extent as they can on audited financial statements | Rosenblum, Inc. v. Adler | ____ |
2.Auditors may be liable to third parties for ordinary negligence if the auditors should foresee these parties as relying on the financial statements | United States v. Benjamin | ____ |
3.It established precedent for plaintiff’s need to allege and prove scienter to impose section 10(b) liability | Ernst&Ernst v. Hochfelder | ____ |
4.Auditors are liable to reasonably foreseeable third-party users for ordinary negligence | Iselin v. Landau | ____ |
5.The court applied the restatement of torts doctrine to identify the plaintiff as a primary beneficiary | Fleet National Bank v. Gloucester Co. | ____ |
6.Auditors willfully violated Securities Exchange Act of 1934 by making false and misleading statements in a proxy statement | Credit Alliance v. Arthur Andersen | ____ |
7.Conviction of auditors for willingly conspiring to defraud in an engagement related to a pro forma financial statement | United States v. Natelli (National Student Marketing) | ____ |
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