Under Section 11 of the Securities Act of 1933, which of the following standards may a CPA use as a defense? Securities Law & Liabilities of CPA's Under Section 11 of the Securities Act of 1933, which of the following standards may a CPA use as a defense? PCAOB Standards- YES Generally Accepted Fraud Standards- NO Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+