Accountants are not liable for failing to find misstatements or omissions of facts in a registration statement.

Question

Quizplus · Accepted Answer

Accountants can be held liable for failing to find misstatements or omissions of facts in a registration statement if they were negligent or failed to perform their due diligence. This is especially true if the misstatement or omission is material and affects the decision of investors.

Accountants Are Not Liable for Failing to Find Misstatements or Omissions