Randi, an Accountant, Includes a False Statement in a Report

question 11

Multiple Choice

Randi, an accountant, includes a false statement in a report for Social Media Marketing, Inc., that is filed with the Securities and Exchange Commission. When Theo buys stock in Social Media and loses money on the investment, he files a suit against Randi, alleging fraud under the 1934 Securities Exchange Act. To avoid liability, Randi can show that she​

• A) ​intended to defraud Social Media, not Theo.
• B) ​intended to profit on stock trades generally, not only Theo's.
• C) ​is an otherwise competent accountant.
• D) ​had no knowledge that her statement was false.

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Definitions:

Death Rates

refer to the number of deaths per unit of population within a specific time frame, typically expressed per 1,000 or 100,000 individuals annually.

Psychological Stress

A form of stress experienced due to perceived pressures, challenges, or threats in one's life, affecting mental health and emotional well-being.

Earlier Detection

The process of identifying a disease or condition sooner than it would typically be recognized, often leading to better treatment outcomes.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body, potentially leading to tumors, spread to other areas, and impairment of normal bodily functions.