Which of the Following Can Be Used by an Accountant

question 75

Multiple Choice

Which of the following can be used by an accountant to counter liability imposed under Section 11(a) of the Securities Act of 1933?

• A) the nolo contendere rule
• B) the due diligence defense
• C) the Ultramares doctrine
• D) the foreseeability standard

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Definitions:

International Organizations

Entities established by treaties between sovereign states to pursue common goals or facilitate political, economic, or social cooperation.

Social Structure

The organized pattern of social relationships and institutions that together compose society, determining how it functions.

Macro-structures

Large-scale social structures that impact society and its institutions, shaping norms, roles, and relationships.

Organization of Work

The arrangement and management of work tasks, workforce, and resources in an entity to maximize efficiency and achieve objectives.