CPAnet Forum: Urgent - Nov 2011 Reg Exam

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Topic: Urgent - Nov 2011 Reg Exam (

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KarenT
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Joined: 10 May 2011
Location: United States
Online Status: Offline
Posts: 9

Posted: 12 Nov 2011 at 02:37 \| IP Logged

What about those crazy Federal tax procedures and Legislative Process?
>_<

__________________
FAR 78
BEC 79
REG 11/15/11
AUD 82

CPA2011
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Newbie

Joined: 29 May 2010
Online Status: Offline
Posts: 49

Posted: 13 Nov 2011 at 19:02 \| IP Logged

bluedream wrote:

Does anyone know when CPA is liable for punitive damage? my Wiley book doesn't specify.. :(

Someone correct me if I'm wrong, but I beleive CPA is liable for punitive damages under statutory provisions of both 1933(Section 17) & 1934 Act (sections 10b and 18) within the scope of securities laws. CPA is treated no differently under contract law or the UCC.

__________________
FAR 05/10   87
BEC 07/10   85
AUD 08/10   93
REG 10/10   64, 74, 84

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