Under the Securities Exchange Act of 1934, an accountant's liability for false or misleading statements is based on a good faith negligence standard

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

Which of the following is not one of the three Rs in admitting mistakes?

a. Assume responsibility b. Remove the evidence c. Demonstrate regret d. Offer a remedy to fix the problem

Business

What impact has the World Trade Organization (WTO) had on corporate investment decision making?

What will be an ideal response?

Business

If one of your firm's customers is "stretching" its accounts payable, this may be a nuisance but it does not represent a real financial cost to your firm as long as the customer periodically pays off its entire balance.

Answer the following statement true (T) or false (F)

Business

Why should management be concerned with the concept of span of control?

What will be an ideal response?

Business