Today those not in privity of contract with an accountant auditor have no

Today those not in privity of contract with an

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Today, those not in privity of contract with an accountant-auditor have no remedy for fraud committed by the accountant. True False 0 / 1 pts Question 20 Incorrect Incorrect An auditor's working papers--documents, notes of interviews and audits, and other papers that the auditor prepares in the course of his work for a client belong to the client and must be surrendered by the auditor-accountant upon demand. True False 1 / 1 pts Question 21 The SEC may suspend the right of an accountant to practice before the Commission. True False 1 / 1 pts Question 22 The Act of 1934 gives rise to the possibility that accountants could be found criminally liable.
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12/3/2019 Quiz 8 (Module 15-16) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 9/10 True False 0 / 1 pts Question 23 Incorrect Incorrect "Due diligence" is not a defense to making false statements in an SEC registration. True False 1 / 1 pts Question 24 An auditor who commits fraud will be liable to anybody who might reasonably have been presumed to rely on the auditor's statement. True False 1 / 1 pts Question 25 An auditor who accepts erroneous corporate information which becomes part of an SEC filing may be found liable. True False Quiz Score: 18 out of 25
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12/3/2019 Quiz 8 (Module 15-16) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 10/10
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