Discuss how the theory of proportionate liability enacted by the Private Securities Litigation Reform Act of 1995

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Discuss how the theory of proportionate liability enacted by the Private Securities Litigation Reform Act of 1995 (PSLRA) can actually protect auditors. Compare proportionate liability with jointly and severally liable.

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:28 AM

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Discuss how the theory of proportionate liability enacted by the Private Securities Litigation Reform Act of 1995

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Joint liability often called joint and several liability and separate and proportionate liabilit...View the full answer

Auditing and Assurance Services Understanding the Integrated Audit

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