Which Statement Is Correct Concerning an Auditor's Statutory Legal Liability

question 17

Multiple Choice

Which statement is correct concerning an auditor's statutory legal liability?

• A)The Securities Act of 1933 broadened the auditor's common law liability and the Securities Exchange Act of 1934 narrowed it.
• B)The auditor has a greater burden of defense under the Securities Act of 1933 than under the Securities Exchange Act of 1934.
• C)Criminal liability only arises under state law.
• D)Statutory liability usually modifies the auditor's liability to the client.

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Definitions:

Feminist Theories

A diverse range of ideas and perspectives that seek to understand and address the inequalities and power imbalances between genders.

Social Constructed

Refers to the idea that perceptions, values, and knowledge of the world are developed and maintained through social interactions and cultural norms.

Judith Butler

An influential philosopher and gender theorist whose work has focused on the performative nature of gender and the critique of gender norms.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.