One of the elements necessary to recover damages if there has been a material misstatement in a

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One of the elements necessary to recover damages if there has been a material misstatement in a registration statement filed pursuant to the Securities Act of 1933 is that:

a. There was a material false or misleading statement in the financial statements.

b. The plaintiff knew the auditor.

c. Issuer and plaintiff were in privity of contract with each other.

d. Issuer failed to exercise due care in connection with the sale of the securities.

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Dec 30, 2019 06:07 AM

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One of the elements necessary to recover damages if there has been a material misstatement in a

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Auditing A Practical Approach with Data Analytics

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