Under the Securities Exchange Act of 1934,fraud or reckless conduct must be shown in order to impose liability on the accountant under either Section 10(b)or Section 18(a).

Question

Quizplus · Accepted Answer

This statement is true. Section 10(b) and Section 18(a) of the Securities Exchange Act of 1934 both require a showing of fraudulent or reckless conduct in order to hold an accountant liable.

Under the Securities Exchange Act of 1934,fraud or Reckless Conduct