The Private Securities Litigation Reform Act of 1995 Provides That

question 13

True/False

The Private Securities Litigation Reform Act of 1995 provides that an auditor can be held liable in a private action for any finding, conclusion, or statement expressed in the report the Act requires the auditor to make to the SEC.

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Definitions:

Merchandise Needs

The requirements for goods and products a business needs to buy for resale or for operational purposes.

Vendor

A person or business that provides products or services to another party, often as part of a supply chain.

Sales Prices

The set amount of money that a product or service is offered for sale to customers.