The Securities Act of 1933 and Securities Exchange Act of 1934

question 116

Multiple Choice

The Securities Act of 1933 and Securities Exchange Act of 1934 contain

• A) Civil liability provisions applicable to auditors.
• B) Criminal liability provisions applicable to auditors.
• C) Neither a nor b.
• D) Both a and b.

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Definitions:

CERCLA Trust Fund

A fund established under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) for cleaning up hazardous waste sites in the United States.

Tax

A compulsory financial charge or some other type of levy imposed by a governmental organization on individuals or entities to fund government spending and various public expenditures.

Environmental Impact Statement

A document that explains the significant effects of a proposed project on the environment.

Proposed Federal Action

Any action for which a Federal agency is considering implementing which may include new regulations, changes in policy, or government projects.