Under the amended Securities Exchange Act of 1934, accountants are liable jointly and severally whether or not they knew they were violating the law.
Answer the following statement true (T) or false (F)
False
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Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial crisis?
A. separating economic interests and social needs B. adopting a narrow shareholder perspective C. practicing effective corporate governance D. adopting the principles of shareholder capitalism
The Uniform Durable Power of Attorney Act (UDPAA) changes the general rule that insanity of a principal terminates an agent's authority to act for the principal
Indicate whether the statement is true or false
In Skinner v. Railway Labor Executives Assn, it was held that mandatory breath, urine, and blood tests may be required of workers in "closely regulated" industries based on compelling public interest in safety, without violating the 4th Amendment
a. True b. False Indicate whether the statement is true or false
The four broad areas of accounting are financial accounting, managerial accounting, taxation and other accounting related employment. The majority of the employment opportunities are in private accounting where employees work for businesses. Private sector jobs would include general accounting, taxation, budgeting, and cost accounting activities. Public accounting offers opportunities to perform work such as auditing, tax services, and consulting.
What will be an ideal response?