An accountant's liability under the federal securities laws is basically the same as the liability at common law.

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An accountant's liability under the federal securities laws is greater than the liability at common law, as they can be held liable for misstatements or omissions in financial statements that they have prepared or certified. This liability is established under the Securities Act of 1933 and the Securities Exchange Act of 1934.

An Accountant's Liability Under the Federal Securities Laws Is Basically