Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. under section 11 of the securities act of 1933, in

Under Section 11 of the Securities Act of 1933, in order to establish the liability...

60.1K

Verified Solution

Question

Accounting

Under Section 11 of the Securities Act of 1933, in order to establish the liability of an auditor who prepared a defective registration statement, a plaintiff must prove that:

a. he/she purchased securities issued pursuant to the defective registration statement.

b. the auditor acted with scienter in preparing the registration statement.

c. the auditor was negligent in preparing the registration statement.

d. he/she was in privity of contract with the auditor.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

List the three types of radius of convergence. Give an example of each type  

Advance Math
Q

Q73 Briefly discuss A framework for quality assurance of electronic commerce websites. [4 Marks]

General Management
Q

What are the things that keep people coming to work each day? How might someone's personal needs...

General Management
Q

Wally Chin, the owner of an ExxonMobil station, bought a used Ford pickup truck, paying...

Basic Math
Q

One inlet pipe can fill an empty pool in 6 hours, and a drain can...

Basic Math
Q

he focal point is located 20 0 cm from a diverging lens An object is...

Calculus
Q

Ch. 4-1 Assets: Land $114,000 Long-term Investment in Stock $36,000 Notes Receivable (due...

Accounting
Q

Razor Technologies reported $127,000 of income for the year by using variable costing. The company...

Accounting
Q

Answer the following questions 1) Explain why and how a movie production company would...

Accounting
Q

When information about two different 19 enterprises has been prepared and presented in a similar...

Accounting
Q

Questions: 1. An Australian business needs to pay a) 15000 US dollars, b) 1.5...

Finance
Q

With the following information calculate the GDP for nation X The country's spending on...

Accounting