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Case Law – there are some significant cases, identified below, that have influenced the auditing profession. Select one or more of these cases and explain the facts of the case and the impact that the case has had on the profession. (Initial post should be approximately 250 to 500 words, and should cite at least one outside source. All posts must be grammatically correct.)

• Credit Alliance Corp. v. Arthur Andersen & Co.
• Ultramares v. Touche & Co.
• Ernst & Ernst v. Hochfelder
• Rosenblum v. Adler

*Use one credible source*