Icasur Inc

question 43

Essay

Icasur Inc.is a computer technology corporation that makes a wide range of electronic products like laptops,smartphones,and hi-definition televisions.Following a number of users lodging complaints on their Web site about their laptops heating up,or shutting down unexpectedly,Icasur decided to run tests on the models mentioned in the complaints.They found that the inbuilt batteries for these particular models were defective.If Icasur decides to take a proactive stance to deal with this issue,what should it do?

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Definitions:

Private Securities Litigation Reform Act

A 1995 federal law that imposed several significant reforms on the process of bringing securities fraud lawsuits in order to reduce frivolous claims.

Auditor Liability

The legal responsibility of auditors for failing to detect and report inaccuracies or fraud in the financial statements they review.

SEC

Stands for the Securities and Exchange Commission, a U.S. government agency responsible for regulating the securities markets and protecting investors.

1934 Securities Act

U.S. legislation aimed at regulating the secondary securities market, requiring disclosure of material information related to securities transactions and aimed at combating fraud and manipulation.