Under the liability provisions of Sec. 18 of the Securities Exchange Act of 1934, for which of the following actions would an accountant generally be liable?

A. Negligently approving a reporting corporation's incorrect internal financial forecasts.
B. Negligently filing a reporting corporation's tax return with the IRS.
C. Intentionally preparing and filing with the SEC a reporting corporation's incorrect quarterly report.
D. Intentionally failing to notify a reporting corporation's audit committee of defects in the verification of accounts receivable.

Answer: C. Intentionally preparing and filing with the SEC a reporting corporation's incorrect quarterly report.