Accountants would be subject to criminal liability where they:

Question

Quizplus · Accepted Answer

Accountants can be held criminally liable for knowingly or willfully making false statements or material omissions on a securities registration statement under the Securities Act of 1933. Negligently performing an audit or breaching a contract would typically result in civil liability, while refusing to turn over working papers could lead to disciplinary action by professional organizations.

Accountants Would Be Subject to Criminal Liability Where They