Accountants are considered experts under the Securities Act of 1933 with respect to the financial statements that are included in a registration statement.

Question

Quizplus · Accepted Answer

This is true, as Section 11 of the Securities Act of 1933 holds accountants liable for any false or misleading statements in financial statements that are included in a registration statement. They are therefore considered experts in this area.

Accountants Are Considered Experts Under the Securities Act of 1933