Question: How does the auditors liability to third parties differ under the 1933 Act and the 1934 Exchange Act? What is the importance of the Hochfelder

How does the auditor’s liability to third parties differ under the 1933 Act and the 1934 Exchange Act? What is the importance of the Hochfelder case as it relates to the 1934 Act?

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How does the auditors liability to third parties differ under the 1933 Act and the 1934 Exchange Act? What is the importance of the Hochfelder case as it relates to the 1934 Act?

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