Section 18 of the 1934 Securities Exchange Act provides a defense when the auditor can show that he or she acted in good faith, or had no knowledge that the financial statements were false or misleading.

Question

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The Answer of Section 18 of the 1934 Securities Exchange Act provides a defense when the auditor can show that he or she acted in good faith, or had no knowledge that the financial statements were false or misleading.

Section 18 of the 1934 Securities Exchange Act Provides a Defense