If a Plaintiff Is Successful in Proving That an Auditor

question 37

Multiple Choice

If a plaintiff is successful in proving that an auditor has violated Section 10(b) of the 1934 Act,the auditor has:

• A) primary liability.
• B) secondary liability.
• C) contingent liability.
• D) rebuttable liability.

---

Definitions:

Verification

The process of establishing the truth, accuracy, or validity of something.

Incubation

A period of gestation or development, often in a supportive environment, for new ideas or projects.

PDCA Cycle

A method used in business for continuous improvement, consisting of four phases: Plan, Do, Check, Act.

Action Map

A plan or strategy outlining specific actions required to achieve a particular goal or outcome.