Accountants' liability under the 1933 and 1934 Securities Acts is less extensive and has more limitations than liability under the common law.

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The 1933 and 1934 Securities Acts impose specific statutory liabilities on accountants, which can be more extensive and stringent compared to common law, as they include specific provisions for civil liabilities and antifraud measures.

Accountants' Liability Under the 1933 and 1934 Securities Acts Is