Harry & Joseph Rendered an Unmodified Auditor's Opinion on the Financial

question 11

Multiple Choice

Harry & Joseph rendered an unmodified auditor's opinion on the financial report of a company that sold shares in a public offering.Based on a false statement in the financial report, Harry & Joseph is being sued by an investor who purchased shares in this public offering.Which of the following represents a viable defence?

• A)The investor has not met the burden of proving fraud by Harry amp; Joseph.
• B)The false statement is immaterial in the overall context of the financial report.
• C)Detection that the statement was false occurred after the date of the auditor's report.
• D)The investor did not actually rely upon the false statement.

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