Wilson bought Zimmer Corp. common stock in an offering registered under the Securities Act of 1933. Baldridge
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- Wilson bought Zimmer Corp. common stock in an offering registered under the Securities Act of 1933. Baldridge & Co., CPAS, gave an unqualified opinion on Zimmer's financial statements that were included in the registration statement filed with the SEC. Wilson sued Baldrige under the provisions of the 1933 Act that deal with omission of facts required to be in the registration statement. Wilson must prove that: Answers: a. Wilson was in privity with Baldridge. b. C. Wilson relied on Baldridge's opinion. d. There was a material misstatement in the financial statements. There was fraudulent activity by Baldrige.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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