Question $9($Mandatory$)(1$ point$)$

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Which of the following is correct concerning the Securities Acts of $1933$ and Securities Exchange Act of $1934$ with regard to auditor liability?

Question $9$ options:

The $1933$ Act relates to SEC Form $10$Ks$,$ while the $1934$ Act relates to SEC Form S$-1$s$.$

The $1934$ Act provides protection to less investors.

Only the $1933$ Act is affected by the Private Securities Litigation Reform Act of $1995$ provision for proportionate liability under certain circumstances.

The $1933$ Act holds auditors to a higher standard of performance.