Which of the following statements about the Securities Exchange Act of 1934 is not true? a. Third
Question:
Which of the following statements about the Securities Exchange Act of 1934 is not true?
a. Third parties must prove that they relied on the financial statements and the auditor's opinion in making an investment decision.
b. Third parties must prove that their investment losses were caused by reliance on the false statement or misleading omission in the audited financial statements.
c. There is no effective date of the registration statement that extends the auditor's liability under this law.
d. Third parties do not have to prove the auditor's guilt.
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Related Book For 
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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