In which of the following situations would an accountant be subject to criminal liability?

A) Where the accountant negligently performed an audit.
B) Where the accountant willfully omitted a material fact on a securities registration statement.
C) Where the accountant refused to turn over working papers to a client.
D) Where the accountant willfully breached a contract.

Criminal Liability

The legal responsibility for a person or entity for criminal actions or omissions that violate laws, leading to prosecution and punishment.

Willfully Omitted

Intentionally left out or excluded, often referring to information or actions that should have been included or taken.

Securities Registration

The process of registering securities with the appropriate regulatory authority, making the details of the security public and adhering to regulations before they can be sold to investors.