Question 8: The Wells Fargo audited financial statements for the year ended December 31,2015, were not used in a securities offering. Could KPMG be sued under the Securities Act of 1933? Explain the reasons for your answer. You can find information in auditing texts.

Question 9: Could KPMG be sued under the Securities Exchange Act of 1934? Explain the reasons for your answer. You can find information in auditing texts.