Question: An auditor cannot be held liable under the exchange act's rule 10b-5 if the auditor: a. knew that the financial statements under audit were materially

An auditor cannot be held liable under the exchange act's rule 10b-5 if the auditor:

a. knew that the financial statements under audit were materially misleading, and the auditor attested to the fairness of the financial statement anyway.

b. was reckless when he attested to the fairness of the financial statements

was negligent when he attested to the fairness of the financial statements

c. was negligent when he attested to the fairness of the financial statements

was negligent when he attested to the fairness of the financial statements

d. non of the above.

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