Which of the following is correct concerning the Securities Acts of 1933 and Securities Exchange Act of 1934 with regard to auditor liability? The 1933 Act relates to SEC Form 10Ks, while the 1934 Act relates to SEC Form S-1s. The 1933 Act holds auditors to a higher standard of performance. Only the 1933 Act is affected by the Private Securities Litigation Reform Act of 1995 provision for proportionate liability under certain circumstances. O The 1934 Act provides protection to less investors. QUESTION 5 Which of the following systems design service involving commercial off-the-shelf software is least likely to impair audit independence? O Loading the software on a client's computer system. O Customizing the system. Building interfaces involving the software. Creating data translation programs.