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Under the Securities Act of 1933

Question 135

Multiple Choice

Under the Securities Act of 1933,


A) any party who relies on the company's audited financial statements can recover from the auditors.
B) third-party users must prove that the auditor was negligent.
C) the burden of proof is on the defendant.
D) auditors face potential legal exposure for information contained in the Form 10-Q.

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