What Sort of Liability Does an Accountant Have Under the Securities

question 27

Multiple Choice

What sort of liability does an accountant have under the Securities Exchange Act of 1934?

• A) Civil liability where there is scienter
• B) Criminal liability where there is a willful violation
• C) Both of these are correct.
• D) Neither of these is correct.

---

Definitions:

Comparisons

Evaluations of the similarities and differences between two or more entities.

Derivatives

Financial instruments whose value is derived from the value of an underlying asset, such as stocks, bonds, commodities, or currencies.

Group Administered

Refers to tests or assessments given to a group of individuals at the same time, often for efficiency in educational or organizational settings.

Otis-Lennon

A standardized test commonly used to assess verbal, quantitative, and spatial reasoning abilities in children.