Under the Anti-Fraud Provisions of Section 10(b)of the Securities Exchange

question 27

Multiple Choice

Under the anti-fraud provisions of section 10(b) of the Securities Exchange Act of 1934,auditors may be liable if they acted

• A) with ordinary negligence.
• B) with independence.
• C) without due diligence.
• D) without good faith.

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Definitions:

Ethnic Groups

Categories of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Developing Country

A nation with a lower level of industrialization, a lower standard of living, and a lower Human Development Index (HDI) compared to developed countries.

Trait-Like

Having qualities that are characteristic or indicative of a specific trait but not fully qualifying as that trait.

Learnable

Capable of being acquired or understood through study, instruction, or experience.