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Please provide answers next to the questions provided. Most questions can be answered with 3 or less sentences, but please do not exceed 5 sentences.

Please provide answers next to the questions provided. Most questions can be answered with 3 or less sentences, but please do not exceed 5 sentences.

What is the difference between the Securities Act of 1933 and 1934? Who can sue the auditors under each of these acts?

What is the prudent person concept and how can it be used as a defense if an auditor is being sued?

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