4) Describe the development of Auditing under the Self-Regulatory period of 1933 to 2001. Be sure to mention the SEC, peer review and other developments including the role Congress and the SEC played. [Hint: Use Public Oversight Board-Final Annual Report-2001] 25) What are the Auditor’s Liabilities under Statutory Law (SEC Acts and Other Acts of Congress). Securities Act 1933: Securities & Exchange Act 1934: Foreign Corrupt Practices Act (1977): Private Securities Litigation Reform Act (1995/1998): Sarbanes-Oxley Act (2002): 3) The reason why Auditing evolved is based on Agency Theory. Please describe Agency Theory (using your own words). [Hint: Use the documents provided on the BB-Kim Ittonen and Institute of Chartered Accountants]