3. To prove that an accountant conducted due diligence, the accountant must show that he or she had conducted actual investigation, and that at the time the registration statement became effective, he or she had reasonable grounds to believe that the statements were true and that there was no omission of a material fact.

This statement about account being due diligent in duty is true.

Explanation:

Accountant all over the world are employed to help out in the day to day running of the the financial sector of the company. The helps in the checks and balances of the expenses and incomes of the company and at the same time, to prevent frauds and solvency as a result of reckless spending of the company's money by the management board or directors.

Just like it was stated about the accountant conducting due diligence in his or her line of job, the accountant must show that he or she had conducted actual investigation into the finiancial affairs of the company which employed him or her. This investigations could last fro few minutes to few days with the findings reported to the appropriate quarters.

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