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 20.28P

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: The success of union in its suit for a) Negligence b) Common-law fraud

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 stock-holders who purchased stock against CPA under the antifraud provision of section 10b-5 of securities exchange act of 1934

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