Which of the Following May an Auditor Use as a Defense

question 9

Multiple Choice

Which of the following may an auditor use as a defense under the Securities Act of 1933?

• A) Contributory Negligence
• B) Scienter
• C) Due Care
• D) Immaterial loss

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Definitions:

Organic Chemicals

Compounds containing carbon that are found in or produced by living organisms.

Ozone Depletion

The thinning and reduction of the ozone layer in the Earth's atmosphere, primarily caused by the release of chemical compounds containing bromine and chlorine.

Agricultural

Relating to the science, art, and practice of cultivating land, producing crops, and raising livestock.

Biodiversity

The variety of life in the world or in a particular habitat or ecosystem, including species diversity, genetic diversity, and ecosystem diversity.