Which of the Following Defenses May Be Raised by an Accountant

question 34

Multiple Choice

Which of the following defenses may be raised by an accountant under Section 11 of the 1933 Securities Act?

• A) Privity and due diligence
• B) Privity,but not due diligence
• C) Due diligence,but not privity
• D) Neither privity nor due diligence