Question: Which statement is correct concerning an auditor's statutory legal liability? cements sents lons Criminal liability only arises under state law. The auditor has a greater

Which statement is correct concerning an auditor's statutory legal liability?
cements
sents
lons
Criminal liability only arises under state law.
The auditor has a greater burden of defense under the Securities Act of 1933 than under the Securities Exchange Act of 1934
The Securities Act of 1933 broadened the auditor's common law liability and the Securities Exchange Act of 1934 narrowed it
Statutory llability usually modifies the auditor's liability to the client.

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