Criminal Liability for Accountants

question 44

Multiple Choice

Criminal liability for accountants

• A)is not an option under securities law;there is only civil liability.
• B)is possible under the Securities Act of 1933,the 1934 Act,state securities laws,and the Internal Revenue Code.
• C)may result in fines but not imprisonment from violation of the federal securities laws.
• D)will result from violation of the accountant-client privilege under federal law.

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Definitions:

Verbal and Nonverbal Cues

The components of communication that involve spoken words and unspoken elements like tone, body language, and facial expressions, respectively.

Eyes

Organs of vision that allow for the perception of light, shapes, and colors.

Nonverbal Cues

Forms of communication without spoken words, such as facial expressions, gestures, posture, and eye contact, which convey feelings and intentions.

Stressed

Experiencing mental or emotional strain or tension resulting from adverse or demanding circumstances.