Sellers of securities may be liable for false statements or omissions in prospectuses and communications, but usually accountants, not being the sellers, will not be liable.
Correct Answer:
Verified
Q23: An auditor's working papers--documents, notes of inter?views
Q24: The Act of 1934 gives rise to
Q25: An auditor who accepts erroneous corporate information
Q26: There are no generally applicable state laws
Q27: The SEC may suspend the right of
Q29: The Securities Act of 1933 does not
Q30: Usually, unlike common-law misrepresentation, under the Act
Q31: There can be no private action for
Q32: Under no circumstances can an accountant's right
Q33: The Private Securities Litigation Reform Act of1995
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