Under Section 10 of the 1934 Securities Exchange Act Auditors

question 11

Multiple Choice

Under Section 10 of the 1934 Securities Exchange Act auditors are liable to security purchasers for:

• A) Lack of due diligence.
• B) Existence of scienter.
• C) Ordinary negligence.
• D) Auditors have no liability to security purchasers under this act.

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Definitions:

Coping Strategies

Techniques or methods that individuals use to handle stress or difficult situations.

Sad

Feelings of sorrow or unhappiness, often a normal, temporary emotional response to life's struggles.

Fear of Hospitals

Fear of hospitals, or nosocomephobia, is an anxiety disorder characterized by an irrational fear of medical institutions or receiving medical care.

Hospitalization

The process of admitting a person to a hospital for treatment, observation, or surgery.