The Securities Act of 1933

question 6

Multiple Choice

The Securities Act of 1933:

• A) Regulates the auditing of financial statements for publicly-traded companies
• B) Limits the financial liability of independent auditors except in the case of gross negligence
• C) Regulates the initial offering of securities
• D) Regulates which services may be performed for a publicly-traded company by an audit firm

---

Definitions:

Appraisal

The act of assessing the value, quality, or nature of something, often for the purpose of making a decision.

To-Be-Chosen Option

An alternative or choice that has been identified but not yet selected.

Critical Thinking Strategies

Techniques and methods employed to analyze information objectively and make reasoned judgments.