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Victims of a securities fraud perpetrated by a firm suffer $1 million in damages. The accountants for the firm are found to be 10 percent
Victims of a securities fraud perpetrated by a firm suffer $1 million in damages. The accountants for the firm are found to be 10 percent liable, although they did not knowingly participate in the fraud. What amount, if any, would the accountants owe to the plaintiffs? Question content area bottom Part 1 A. $500,000; the accountants owe half of any damages caused by their client B. $100,000; accountants are liable to their proportionate degree of fault C. nothing; they would only be held liable if they knowingly participated in the fraud D. $1 million; accountants can always be held liable for the full amount E. nothing; accountants are never liable for any damages caused by fraud perpetrated by a clien
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