Which of the Following Would Be a Logical Consequence of the Private

question 9

Multiple Choice

Which of the following would be a logical consequence of the Private Securities Litigation Reform Act of 1995?

• A)Each negligent party is only liable for the portion of damages for which it is responsible
• B)Each negligent party could be held liable for the total of damages suffered
• C)Auditors have tended to neglect their responsibility of due diligence
• D)The threat of private enforcement against accountants has increased