Question: c. Which is the true statement conce O 1. The Securities Act of 1933 broadened the auditor's liability relafive to common law and the Securities

c. Which is the true statement conce O 1. The Securities Act of 1933 broadened the auditor's liability relafive to common law and the Securities Exchange Act of 1934 narrowed t O 2. Criminal liability only arises under state law O 3. The auditor may limit exposure to liability by destroying documents that might suggest an improper act O 4. The auditor has a greater burden of defense under the Securities Act of 1933 than the Securities Exchange Act of 1934

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