An Accountant's Liability Under the Section 10(b) and Rule 10b-5

question 32

True/False

An accountant's liability under the Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 re?quires privity of contract.

---

Definitions:

Technical Skills

Abilities and knowledge needed to perform specific tasks, often relating to computational and physical tasks rather than interpersonal ones.

Interpersonal Skills

Abilities to communicate and interact effectively with others, building positive relationships, and effectively resolving conflicts.

Management Systems

The formalized procedures and frameworks used by organizations to manage and control operations towards achieving objectives.

Reward Systems

A set of rules and mechanisms designed to motivate and compensate individuals for their contributions and achievements.