EBK AUDITING & ASSURANCE SERVICES: A SY
EBK AUDITING & ASSURANCE SERVICES: A SY
10th Edition
ISBN: 9781259293245
Author: Jr
Publisher: MCGRAW HILL BOOK COMPANY
Question
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Chapter 20, Problem 20.27P

a.

To determine

Concept Introduction:

The Securities act of 1933 was based on the concept that if an entity is offering the securities then, it should provide the possible investors proper information about the securities and issuer that helps investors to make an appropriate investment decision. It also ensures to avoid any fraud and misrepresentation occurred in securities that are sold for the public

To describe:Theelement that must be established to support a cause of action based on negligence

b.

To determine

Concept Introduction:

The Securities act of 1933 was based on the concept that if an entity is offering the securities then, it should provide the possible investors proper information about the securities and issuer that helps investors to make an appropriate investment decision. It also ensures to avoid any fraud and misrepresentation occurred in securities that are sold for the public

To describe:The element that must be established to support a cause of action based on a rule of 10b-5 violation

c.

To determine

Concept Introduction:

The Securities act of 1933 was based on the concept that if an entity is offering the securities then, it should provide the possible investors proper information about the securities and issuer that helps investors to make an appropriate investment decision. It also ensures to avoid any fraud and misrepresentation occurred in securities that are sold for the public

To describe:The correct assertions regarding lack of privitywith regard to cause of action on negligence and fraud.

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