What are norms?
What will be an ideal response?
Norms are the standards shared by members of a group, and they have certain characteristics that are important to group members. First, norms are formed only with respect to things that have significance for the group. Second, norms are accepted in various degrees by group members. Third, norms may apply to every group member, or they may apply to only some group members.
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The percentage of sales method is often referred to as aging of receivables
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While auditing the financial statements of Forble Corp. (which are to be included in a Securities Act registration statement), Ernie, a certified public accountant, fails to review any of Forble's journal entries, does not read the details of meetings of the board of directors, and does not even speak with the comptroller of Forble. Consequently, Ernie does not discover that substantial loans, which went unmentioned in the financial statements, had been made to Forble officers. As a result, the registration statement omits any mention of the loans. Assuming the omitted fact is a material one and that Ernie is not an officer or director of Forble, does Ernie face potential liability under Section 11 of the Securities Act of 1933? Discuss the reasons for your answer.
What will be an ideal response?
Under SEC requirements adopted in 2010, disclosure of any directorships held by each director and nominee at any time during the past seven years at any public company or registered investment company must be made to shareholders
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A potential negative aspect of the transfer of technology is that the licensee could be your competitor in the future
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