Criminal liability for accountants
a. is not an option under securities law; there is only civil liability.
b. is possible under the Securities Act of 1933, the 1934 Act, state securities laws, and the Internal Revenue Code.
c. may result in fines but not imprisonment from violation of the federal securities laws.
d. will result from violation of the accountant-client privilege under federal law.
b
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Indicate whether the statement is true or false.
A defined contribution pension plan encourages employees to contribute a portion of their earnings to the fund with an employer contribution that is matched to that of the employee in whole or part is called a(n) ________
A) savings and thrift plan B) matching plan C) deferred profit-sharing plan D) employee stock ownership plan