Question: U . S . v . Simon ( 1 9 6 9 ) ( the Continental Vending case ) resulted in convictions of individual auditors

U.S.v.Simon (1969)(the Continental Vending case) resulted in convictions of individual auditors under the Securities Exchange Act of 1934 for failure to require adequate disclosure of related-party transactions. The most significant aspect of this case was that it
A.Extended the auditors responsibility for financial statements of subsidiaries.
B.Extended the auditors responsibility for related-party transactions.
C.Created a more general awareness of the auditors exposure to criminal prosecution.
D.Defined the auditors common-law responsibilities to third parties.

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