An accountant's liability for making an untrue statement of fact, or for omitting a material fact required to be stated, in a securities registration statement will usually not, without more, give rise to liability under the Securities Act of 1933.

Question

Quizplus · Accepted Answer

An accountant's liability for making an untrue statement of fact or omitting a material fact required to be stated in a securities registration statement can give rise to liability under the Securities Act of 1933.

An Accountant's Liability for Making an Untrue Statement of Fact