The Main Reason a Plaintiff Would Bring Suit Against the Auditor

question 50

Multiple Choice

The main reason a plaintiff would bring suit against the auditor under RICO instead of under the anti-fraud provisions of the 1934 Securities Exchange Act is:

• A) the possibility of treble damages and attorneys' fees.
• B) federal fraud action may be brought in state court.
• C) the possibility of double damages.
• D) prison terms may be provided along with civil damages.
• E) it is easier to prove fraud than gross negligence.

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Definitions:

TQM

Total Quality Management, a systematic approach focused on continuous improvement of processes, products, and services to achieve a higher level of customer satisfaction.

TQM Advocates

Proponents of Total Quality Management, a management approach focused on continuous improvement and customer satisfaction across all organizational processes.

Concept Of Teams

The idea that a group of individuals with different skills and expertise work together towards a common goal.

80/20 Principle

A principle, also known as the Pareto Principle, that suggests 80% of effects come from 20% of causes, emphasizing the unequal relationship between inputs and outputs.