13. The Ernst and Ernst v. Hochfelder case (US, 1976) addressed accountants liability under rule 10b-5 of the Securities Act of 1934 and held that auditors

a. cannot be liable for auditing malpractice unless they act with scienteran intention to deceive.

b. are only liable for taking into consideration what they are given by the client.

c. cannot use the due diligence defense.

d. are expected to verify the answers to questions asked by them of top management.

e. none of the above.