Which is not part of the recording process?

Which of the following circumstances is a defense to an accountant's liability under Section 11 of the Securities Act of 1933 for misstatements and omissions of material facts contained in a registration statement?

A. The absence of scienter on the part of the accountant. B. The absence of privity between purchasers and the accountant. C. Due diligence on the part of the accountant. D. Nonreliance by purchasers on the misstatements.

The corporate development team at Virgin evaluates more than a dozen proposals each day from outside and within the company. When assessing new-product ideas, they look for all of the following except:

A) synergy with existing Virgin products. B) pricing and return on investment. C) marketing opportunities. D) if the idea "uses or abuses" the Virgin brand. E) aesthetic attributes of competitors products.