Which of the following is a major difference in auditors' liability under the Securities Act of 1933 and the Securities Exchange Act of 1934?
A) The burden of proving reliance on misstated financial statements and the relationship between these financial statements and the economic loss.
B) The auditors' required degree of professional care (level of substandard performance).
C) Both of the above.
D) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is a major difference in auditors' liability under the Securities Act of 1933 and the Securities Exchange Act of 1934?
A) The burden of proving reliance on misstated financial statements and the relationship between these financial statements and the economic loss.
B) The auditors' required degree of professional care (level of substandard performance).
C) Both of the above.
D) None of the above.

Which of the Following Is a Major Difference in Auditors