| LO C-1 | Identify and describe auditors' exposure to lawsuits and loss judgments. |
| LO C-2 | Specify the characteristics of auditors' liability under common law and cite specific case precedents. |
| LO C-3 | Describe auditors' liability to third parties under statutory law. |
| LO C-4 | Specify the civil and criminal liability provisions of the Securities Act of 1933. |
| LO C-5 | Specify the civil and criminal liability provisions of the Securities Exchange Act of 1934. |
| LO C-6 | Understand recent developments that affect auditors' liability to clients and third parties. |
