Which of the Following Is NOT One of the Defenses

question 64

Multiple Choice

Which of the following is NOT one of the defenses an auditor can use against third party lawsuits for fraud?

• A) The third party was not in contractual privity
• B) The auditor did not have a duty to the third party
• C) The third party was negligent
• D) The third party did not suffer a loss

Understand the concept of insider trading and its legal implications.

Comprehend the exemptions from registration requirements for certain offerings and businesses.

Grasp the continuous disclosure requirements under the Securities Exchange Act of 1934.

Understand the liability for misrepresentation and fraud in securities offerings and trading.