EBK AUDITING: A RISK BASED-APPROACH
EBK AUDITING: A RISK BASED-APPROACH
11th Edition
ISBN: 9781337670203
Author: RITTENBERG
Publisher: YUZU
Question
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Chapter 4, Problem 10RQSC

a.

To determine

Securities Act of 1933

The main purpose of Securities Act of 1933 is to protect the investor against fraud. This act took the power away from the states and put it into the hands of federal government.

To state: Primary purpose of the Securities Act of 1933.

b

To determine

Securities Exchange Act of 1934

The Securities Exchange Act of 1934 is the U.S legislative that controls the trading on the secondary market, stock exchange market and to protect investors. The secondary market is a market where the sale of financial assets such as bonds and stocks takes place.

To state: Purpose of the Securities Exchange Act of 1934

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