Which of the following has contributed to a decrease in federal class actions involving audit firms as co-defendants over the last decade?
A)Supreme Court decisions in Janus Capital Group,Inc. ,and Stoneridge Investment Partners.
B)Federal restrictions on contingent fees for lawyers in lawsuits filed under the Securities Act of 1934.
C)A growing expectations gap causing investors to view audit reports as insurance against losses.
D)All of the above.

Question

Quizplus · Accepted Answer

Supreme Court decisions in Janus Capital Group, Inc. and Stoneridge Investment Partners limited the circumstances in which audit firms could be held liable in federal securities class actions, leading to a decrease in such lawsuits involving audit firms as co-defendants. The other options, B and C, do not directly relate to this decrease.

Which of the Following Has Contributed to a Decrease in Federal