Accountants are liable for any materially false or misleading information contained in the registration statement filed with the SEC up to:
A)the date the registration statement is filed.
B)the date of the audit report.
C)the effective date of the registration statement.
D)the date securities are sold.

Question

Quizplus · Accepted Answer

Accountants are liable for any materially false or misleading information contained in the registration statement filed with the SEC up to the effective date of the registration statement. This is because the effective date marks the point when the statement becomes publicly available and investors can rely on its accuracy.

Accountants Are Liable for Any Materially False or Misleading Information