Which of the Following Is True of Section 10A of the Securities

question 21

Multiple Choice

Which of the following is true of Section 10A of the Securities Exchange Act of 1934?

• A) It prohibits any manipulative or deceptive practice in connection with the process of the probate.
• B) It serves as a defense an accountant can assert by claiming due diligence to avoid civil liability.
• C) It enforces a duty on auditors to detect and report illegal acts committed by their clients.
• D) It imposes a criminal liability on accountants for making misstatements or omissions in nonaudit services.

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Definitions:

Paid Vacation

A benefit offered by employers that allows employees to take time off work while still receiving their regular pay.

National Health Insurance

A government-sponsored system that provides health insurance coverage to all citizens.

Pensions

Retirement plans funded either by employers or governments, providing a steady income after retirement.

Paid Vacation

A benefit offered by employers that provides employees with a certain amount of paid time off from work, intended for rest and recreation.