Which of the Following Must Be Proven by the Plaintiff

question 2

Multiple Choice

Which of the following must be proven by the plaintiff in a case against a CPA under the Section 11 liability provisions of the Securities Act of 1933?

• A)The CPA knew of the misstatement.
• B)The CPA was negligent.
• C)Material misstatements were contained in the financial statements.
• D)The unqualified opinion contained in the registration statement was relied upon by the party suing the CPA.