An accountant will be liable for damages under section 10(b) and rule 10b-5 of t

Question

An accountant will be liable for damages under section 10(b) and rule 10b-5 of the Securities Exchange. Act of 1934 only if the plaintiff proves that The security was part of an original issuance. The accountant was negligent. There was a material omission or misstatement. The security involved was registers. Which entity has the authority to prohibit nil individual from practicing public accounting? A state board of accountancy. A state board of accountancy. The private companies Practice section. A joint trial board of the AICPA. A state CPA society. A violation of the profession's ethical standards would most likely occur when a CPA Is controller of a bank and penults the tank to use the controller's CPA title in the listing of officers in its publications. Is the sole shareholder in a professional accountancy corporation and uses the designation "and company" in the firm title. Who is also admitted to the Bar represents on letterhead to fee both an attorney and a CPA. obtains an engagement to perform services fee a customer obtained by a third party as a result of its solicitation efforts.

Explanation / Answer

1) Answer (C) There was a Material mistatement or ommission

2) Answer (A) A state board of Accountancy.

3) Answer (B) Is the sole shareholder in a professional accountancy corporation and uses the designation"and company" in the firm title.

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