The primary factor that delineates statutory law,as they relate to audits,is that of liability founded on which of the following?

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Statutory laws, as they relate to audits, are primarily based on federal securities laws, which govern the conduct of auditors and accounting firms in order to promote transparency and integrity in financial reporting. This includes provisions for liability in cases of securities fraud and other securities law violations. Other factors, such as circuit court decisions, arbitration, and breach of contract, may also be relevant to audits, but they are not the primary factors that delineate statutory law in this context.

The Primary Factor That Delineates Statutory Law,as They Relate to Audits,is