One of the elements that a plaintiff must prove to hold a CPA who signs off on

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Question:

One of the elements that a plaintiff must prove to hold a CPA who signs off on financial statements in a registration statement liable for misstatements in the financial statements under Section 11 of the 1933 Act is that the

(1) plaintiff relied on the misrepresentation.

(2) CPA intended to deceive.

(3) plaintiff suffered a loss.

(4) CPA was negligent.