Under Section 11 of the Securities Act of 1933,which of the following standards may a CPA use as a defense?
A) Generally accepted auditing standards and generally accepted fraud detection standards.
B) Generally accepted auditing standards but not generally accepted fraud detection standards.
C) Generally accepted fraud detection standards but not generally accepted auditing standards.
D) Neither generally accepted auditing standards nor generally accepted fraud detection standards.
Correct Answer:
Verified
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