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Question
Accountants who meet certain educational requirements, pass the CPA examination, and have a certain number of years of auditing experience are called ________.A) certified public accountants
B) central private accountants
C) central public accountants
D) certified private accountants
Answer
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The SEC has oversight and enforcement authority over the Public Company Accounting Oversight Board (PCAOB).
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Accountants cannot be held criminally liable for material irregularities in financial statements prepared for registration statements.
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A due diligence defense cannot be asserted by an accountant against the civil liabilities of Section 11(a) of the Securities Act of 1933.
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When an accountant has behaved negligently causing damage to a third party, the third party ________.
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Which of the following statements is true of accountants?
A) Accountants who pass the CPA examination are called private noncertified accountants.
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