Under the 1933 Securities Act, the Burden of Proof Is

question 55

True/False

Under the 1933 Securities Act, the burden of proof is on the auditor to show that he or
she was not negligent.

---

Definitions:

Exemplar Model

A theory in cognitive psychology suggesting that individuals categorize objects and concepts based on comparisons to mental examples of similar instances.

Categorizing Concepts

The mental process of grouping objects, ideas, or information into classes or categories based on common characteristics or attributes.

Prototype Model

A way of thinking about concepts: Within each category, there is a best example—a prototype—for that category.

Concepts

Abstract ideas or mental symbols that are used to represent, organize, or understand objects, events, or thoughts based on common properties or characteristics.