Which of the following statements is true? 1) Review of financial forecasts falls under attestation services. 2) Business valuation falls within the purview of non-assurance services. A. Neither B. Both 1 and 2 C. 1 only O D. 2 only Which of the following statements is true? 1) Securities Exchange Act of 1934 regulates the ongoing trading of securities after the initial public offering and requires the annual audit of a public company's financial statements. 2) The Securities Act of 1933 enhances annual financial disclosures for public companies and placed more emphasis on corporate responsibility. A. Both 1 and 2 B. 1 only C. 2 only D. Neither Which of the following statements is true? 1) One of the reasons there is a demand for financial statement audits is that users of financial statements often lack accounting and legal knowledge to fully understand complex accounting and disclosure choices. 2) Materiality is a relative concept, and it differs from company to company and from year to year for a given company. A. 2 only B. 1 only C. Neither D. Both 1 and 2