What are the ramifications of the violation to the individual, the firm, the client, and the profession when “Sections 4C1 and 21C of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 102(e)(1)(ii) and Rule 102(e)(1)(iii) of the Commission’s Rules of Practice.2” is violated ?

Under the 1933 Securities Act, which of the following must be proven by the purchaserof the security?Reliance on the Fraud byFinancial Statements The CPA(1) Yes Yes(2) Yes No(3) No Yes(4) No No

ed MC Qu. 41-18 Which of the following is not a responsibility... Which of the following is not a responsibility of the Securities and Exchange Commission? Multiple Choice O O O L It is responsible for the enforcement of securities laws. It interprets the securities acts and adopts rules to achieve the purposes of the acts. It is responsible for policing and enforcing the "fairness" doctrine. It regulates the activities of securities brokers, dealers, and advisers. APR 27 m Admit Second reate at least twee AR 66 W rave O pearch questions and/or bumothacac Note: The sull O X

5. Which of the following is true of Regulation A securities? O a. They are not subject to transfer restrictions. O b. They cannot be offered publicly even with general advertising. O c. They require a lengthy and complicated registration process. O d. They may be applied for by those who have been involved in previous securities fraud cases.

Which of the following is the Securities and Exchange Commission (SEC) provision that defines securities fraud? OA) Rule 12 OB) Rule 144 OC) Rule 505 DD) Rule 106-5 V HELP CALCULATOR FS de L % C 8 FG F7 & M A Fa DP FO DIK F10 F11

1)List and explain the General Standards. 2)What are the Auditor’s Liabilities under Common Law and Contract Law. 3) What are the Auditor’s Liabilities under Statutory Law (SEC Acts and Other Acts of Congress).   Securities Act 1933:   Securities & Exchange Act 1934:   Foreign Corrupt Practices Act (1977):   Private Securities Litigation Reform Act (1995/1998):   Sarbanes-Oxley Act (2002):

The Securities Act of 1933 and Securities Exchange Act of 1934 containa. Civil liability provisions applicable to auditors. b. Criminal liability provisions applicable to auditors. c. Neither a nor b. d. Both a and b.

What are the major differences in auditors’ liability under the Securities Act of 1933 and the Securities Exchange Act of 1934?

Under which act (or acts) must a client prove that a CPA has performed an audit with due diligence to establish that CPA's liability? Securities Securities Exchange Act of 1933 Act of 1934 Yes A. Yes B. Yes No C. No Yes D. No No Multiple Choice 22

Which law or regulation requires that public companies must maintain strong internal control systems?a. Dodd-Frank Actb. Sarbanes-Oxley Actc. Securities and Exchange Act of 1933d. Treadway Commission