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Which of the following is NOT true regarding the criminal liability of accountants? CLLED A. Accountants who prepare tax returns can be held criminally liable
Which of the following is NOT true regarding the criminal liability of accountants? CLLED A. Accountants who prepare tax returns can be held criminally liable for negligent understatements of a client's tax liability B. A person can be imprisoned for violating Section 32(a) of the '34 Act C. It is a criminal offense for a person to omit a material fact necessary in a registration statement to make it not misleading OD. Securities laws are a federal creation. States do not enact their own securities laws OE. Accountants can be named as defendants in lawsuits that assert violations of the Racketeer Influenced and Corrupt Organizations Act (RICO)
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