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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 423
Which of the following is a major difference in auditors' liability under the Securities Act of 1933 and the Securities Exchange Act of 1934?
A) The burden of proving reliance on misstated financial statements and the relationship between these financial statements and the economic loss.
B) The auditors' required degree of professional care.
C) Both of the above.
D) None of the above.
A) The burden of proving reliance on misstated financial statements and the relationship between these financial statements and the economic loss.
B) The auditors' required degree of professional care.
C) Both of the above.
D) None of the above.
Explanation
Verified
Verified
Option (b)...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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