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nitnit nitnit
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A year ago
Which of the following is an accurate statement regarding Rule 10b-5 of the Securities Exchange Act of 1934?

▸ The Supreme Court has ruled that liability under Rule 10b-5 does not extend to aiders or abettors who participated in financial statement misstatements that were not the primary defendants.

▸ Federal court decisions have clarified that Rule 10b-5 applies only to direct sellers.

▸ Hochfelder and subsequent court decisions have increased the liability of auditors under Rule 10b-5.

▸ According to most recent court decisions, poor judgment is proof of fraud.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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whtsi_ep3whtsi_ep3
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A year ago
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nitnit Author
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A year ago
This helped my grade so much Perfect
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Just got PERFECT on my quiz
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