39. Which of the following is not true about class action lawsuits against auditors?

a. They are very lucrative to auditing firms. b. Their prevalence has peaked in the US. c. They are becoming more prevalent in jurisdictions outside the US. d. They are made up of many plaintiffs with small individual claims for damages.

40. True/False. Auditors are most frequently sued by their clients, however the damages in these instances tend to be relatively small.

a. True b. False