Due diligence defense requires that an expert prove that a reasonable investigation of the financial statements of the issuer and ______ was conducted.
A) sellers
B) bailees
C) underwriters
D) controlling persons
E) guarantors

Question

Quizplus · Accepted Answer

A very important defense for experts such as accountants is the due diligence defense. To establish this defense, the expert must prove that a reasonable investigation of the financial statements of the issuer and controlling persons was conducted.

Due Diligence Defense Requires That an Expert Prove That a Reasonable