Which of the following is correct concerning the Securities Acts of 1933 and Securities Exchange Act of 1934 with regard to auditor liability? Multiple Choice The 1933 Act holds auditors to a higher standard of performance. The 1934 Act provides protection to less investors. The 1933 Act relates to SEC Form 10Ks, while the 1934 Act relates to SEC Form S-1s. Only the 1933 Act is affected by the Private Securities Litigation Reform Act of 1995 provision for proportionate liability under certain circumstances.