SlideShare una empresa de Scribd logo
1 de 1
In comparison to the burden of proof required of plaintiffs in civil lawsuits against independent
auditors under common law, section 10(b) of the Securities Exchange Act of 1934
a. Does not require that plaintiffs prove their reliance on materially misstated financial
statements.
b. Is the same regarding plaintiffs' need to prove damages or losses.
c. Does not require that plaintiffs prove that relying on the materially misstated financial
statements caused their losses.
d. Is the same regarding plaintiffs' need to establish privity or a beneficiary relationship with
auditors.
Solution
b. Is the same regarding plaintiffs' need to prove damages or losses.

Más contenido relacionado

Más de tristans3

In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docxIn 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
tristans3
 
Implementing a new AIS system could prove to be beneficial or detrimen.docx
Implementing a new AIS system could prove to be beneficial or detrimen.docxImplementing a new AIS system could prove to be beneficial or detrimen.docx
Implementing a new AIS system could prove to be beneficial or detrimen.docx
tristans3
 
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
tristans3
 
2- In each of the following pairs of substances- predict which one wou.docx
2- In each of the following pairs of substances- predict which one wou.docx2- In each of the following pairs of substances- predict which one wou.docx
2- In each of the following pairs of substances- predict which one wou.docx
tristans3
 
21- Predicting Products Explain why the hydration reaction involving 1.docx
21- Predicting Products Explain why the hydration reaction involving 1.docx21- Predicting Products Explain why the hydration reaction involving 1.docx
21- Predicting Products Explain why the hydration reaction involving 1.docx
tristans3
 
20B Section Review 1- How can you tell the difference between solutes.docx
20B Section Review 1- How can you tell the difference between solutes.docx20B Section Review 1- How can you tell the difference between solutes.docx
20B Section Review 1- How can you tell the difference between solutes.docx
tristans3
 
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
tristans3
 

Más de tristans3 (20)

In a nonpolar covalent bond--- Electrons are shared unevenly Electrons.docx
In a nonpolar covalent bond--- Electrons are shared unevenly Electrons.docxIn a nonpolar covalent bond--- Electrons are shared unevenly Electrons.docx
In a nonpolar covalent bond--- Electrons are shared unevenly Electrons.docx
 
In a Classical model of the macroeconomy- the equilibrating mechanism.docx
In a Classical model of the macroeconomy- the equilibrating mechanism.docxIn a Classical model of the macroeconomy- the equilibrating mechanism.docx
In a Classical model of the macroeconomy- the equilibrating mechanism.docx
 
In 2012- Shurtleff estimates that warranty costs in the following year.docx
In 2012- Shurtleff estimates that warranty costs in the following year.docxIn 2012- Shurtleff estimates that warranty costs in the following year.docx
In 2012- Shurtleff estimates that warranty costs in the following year.docx
 
In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docxIn 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
In 2000- June- A 75-year-old widow- creates an irrevocable trust namin.docx
 
In 2007- Heuy-'s actual income was $70-000- equal to his lifetime annu.docx
In 2007- Heuy-'s actual income was $70-000- equal to his lifetime annu.docxIn 2007- Heuy-'s actual income was $70-000- equal to his lifetime annu.docx
In 2007- Heuy-'s actual income was $70-000- equal to his lifetime annu.docx
 
Impulse and momentum are two two different parameters- Explain these p.docx
Impulse and momentum are two two different parameters- Explain these p.docxImpulse and momentum are two two different parameters- Explain these p.docx
Impulse and momentum are two two different parameters- Explain these p.docx
 
Implementation of EHR Discuss the advantages and disadvantages associa.docx
Implementation of EHR Discuss the advantages and disadvantages associa.docxImplementation of EHR Discuss the advantages and disadvantages associa.docx
Implementation of EHR Discuss the advantages and disadvantages associa.docx
 
Implementing a new AIS system could prove to be beneficial or detrimen.docx
Implementing a new AIS system could prove to be beneficial or detrimen.docxImplementing a new AIS system could prove to be beneficial or detrimen.docx
Implementing a new AIS system could prove to be beneficial or detrimen.docx
 
Im creating a stack class using generics- what should my peek method l.docx
Im creating a stack class using generics- what should my peek method l.docxIm creating a stack class using generics- what should my peek method l.docx
Im creating a stack class using generics- what should my peek method l.docx
 
ii)State whether you would expect the following Group 13 metal cations.docx
ii)State whether you would expect the following Group 13 metal cations.docxii)State whether you would expect the following Group 13 metal cations.docx
ii)State whether you would expect the following Group 13 metal cations.docx
 
IMF in Greece- Good or bad for the country- Why-SolutionIMF is interna.docx
IMF in Greece- Good or bad for the country- Why-SolutionIMF is interna.docxIMF in Greece- Good or bad for the country- Why-SolutionIMF is interna.docx
IMF in Greece- Good or bad for the country- Why-SolutionIMF is interna.docx
 
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
2- What is a colloid- Why is it difficult to filter a colloid- 3- What.docx
 
2- The Mars Climate Orbiter (formerly the Mars Surveyor 98 Orbiter) wa.docx
2- The Mars Climate Orbiter (formerly the Mars Surveyor 98 Orbiter) wa.docx2- The Mars Climate Orbiter (formerly the Mars Surveyor 98 Orbiter) wa.docx
2- The Mars Climate Orbiter (formerly the Mars Surveyor 98 Orbiter) wa.docx
 
2- Rank the following molecules based upon reaction with H-O-HSO- (Fas.docx
2- Rank the following molecules based upon reaction with H-O-HSO- (Fas.docx2- Rank the following molecules based upon reaction with H-O-HSO- (Fas.docx
2- Rank the following molecules based upon reaction with H-O-HSO- (Fas.docx
 
2- Match the arrows with the terms- Some arrows may be associated with.docx
2- Match the arrows with the terms- Some arrows may be associated with.docx2- Match the arrows with the terms- Some arrows may be associated with.docx
2- Match the arrows with the terms- Some arrows may be associated with.docx
 
2- In each of the following pairs of substances- predict which one wou.docx
2- In each of the following pairs of substances- predict which one wou.docx2- In each of the following pairs of substances- predict which one wou.docx
2- In each of the following pairs of substances- predict which one wou.docx
 
2- The Reynolds number for a particular microchannel flow is found to.docx
2- The Reynolds number for a particular microchannel flow is found to.docx2- The Reynolds number for a particular microchannel flow is found to.docx
2- The Reynolds number for a particular microchannel flow is found to.docx
 
21- Predicting Products Explain why the hydration reaction involving 1.docx
21- Predicting Products Explain why the hydration reaction involving 1.docx21- Predicting Products Explain why the hydration reaction involving 1.docx
21- Predicting Products Explain why the hydration reaction involving 1.docx
 
20B Section Review 1- How can you tell the difference between solutes.docx
20B Section Review 1- How can you tell the difference between solutes.docx20B Section Review 1- How can you tell the difference between solutes.docx
20B Section Review 1- How can you tell the difference between solutes.docx
 
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
20pts) Discuss the advantages and disadvantages of using chlorine as a.docx
 

Último

Último (20)

Plant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptxPlant propagation: Sexual and Asexual propapagation.pptx
Plant propagation: Sexual and Asexual propapagation.pptx
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptxExploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
Exploring_the_Narrative_Style_of_Amitav_Ghoshs_Gun_Island.pptx
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)Accessible Digital Futures project (20/03/2024)
Accessible Digital Futures project (20/03/2024)
 
Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdfUGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
UGC NET Paper 1 Mathematical Reasoning & Aptitude.pdf
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...Kodo Millet  PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
 
Towards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptxTowards a code of practice for AI in AT.pptx
Towards a code of practice for AI in AT.pptx
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 
General Principles of Intellectual Property: Concepts of Intellectual Proper...
General Principles of Intellectual Property: Concepts of Intellectual  Proper...General Principles of Intellectual Property: Concepts of Intellectual  Proper...
General Principles of Intellectual Property: Concepts of Intellectual Proper...
 
Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
Fostering Friendships - Enhancing Social Bonds in the Classroom
Fostering Friendships - Enhancing Social Bonds  in the ClassroomFostering Friendships - Enhancing Social Bonds  in the Classroom
Fostering Friendships - Enhancing Social Bonds in the Classroom
 
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
Sensory_Experience_and_Emotional_Resonance_in_Gabriel_Okaras_The_Piano_and_Th...
 

In comparison to the burden of proof required of plaintiffs in civil l.docx

  • 1. In comparison to the burden of proof required of plaintiffs in civil lawsuits against independent auditors under common law, section 10(b) of the Securities Exchange Act of 1934 a. Does not require that plaintiffs prove their reliance on materially misstated financial statements. b. Is the same regarding plaintiffs' need to prove damages or losses. c. Does not require that plaintiffs prove that relying on the materially misstated financial statements caused their losses. d. Is the same regarding plaintiffs' need to establish privity or a beneficiary relationship with auditors. Solution b. Is the same regarding plaintiffs' need to prove damages or losses.