An Accountant Is Not Liable for an Omission in a Registration

question 38

True/False

An accountant is not liable for an omission in a registration statement to a purchaser of securities if the omission had no causal connection to the purchaser's loss.

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Definitions:

Motivation

The force or process that initiates, guides, and maintains goal-oriented behaviors.

Equity Theory

A theory of motivation that explains how perceptions of fairness in the distribution of rewards and resources affect employee satisfaction and output.

Social Comparison

The process of evaluating oneself in relation to others, often to understand one's standing or improve self-image.

Perceived Inequity

A feeling or belief that the balance of contributions and rewards in a relationship or situation is unfair.