For an Accountant to Be Civilly Liable Under Rule 10b-5

question 26

True/False

For an accountant to be civilly liable under Rule 10b-5, the accountant must have acted with scienter.

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Definitions:

Positive Responses

Positive Responses are affirmative reactions or feedback to stimuli, interactions, or situations, suggesting agreement, approval, or pleasure.

Ethnomethodological

Pertaining to the study of the methods people use in everyday life to create a sense of social order and understand their world.

Indifference

A lack of interest, concern, or sympathy towards others or certain situations.

Ethnomethodologists

Researchers who study the methods people use to understand and produce the social order in which they live.