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A Security Is a Written Instrument That Provides Evidence of a Debt

question 345

True/False

A security is a written instrument that provides evidence of a debt or equity ownership.

Recognize the impact of major accounting scandals on the accounting profession and legislative responses.
Differentiate between the legal concepts of negligence, fraud, and breach of contract as they apply to accountants.
Be aware of the accountant-client privilege and its limitations.
Understand how recent legal precedents affect accountant liabilities and practices.

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