What is the IRAC solution to this case?

with only this information, what is the IRAC solution?

3. For 10 years, a certified public accounting firm aud- ited the books of an investment company to prepare disclosure documents required by the SEC. The head of the firm was stealing investors' funds and rigging the books, and the accountants never found out. One day, the head of the firm disappeared, leaving behind a mess and many unhappy investors. The ild- ta investors sued the accounting firm to recover the money they lost, claiming that the firm was liable for securities fraud. Who do you think prevailed? [Ernst! and Ernst v. Hochfelder, 96 S.Ct. 1375 (1976) omon Yhon bicce 3. For 10 years, a certified public accounting firm aud- ited the books of an investment company to prepare disclosure documents required by the SEC. The head of the firm was stealing investors' funds and rigging the books, and the accountants never found out. One day, the head of the firm disappeared, leaving behind a mess and many unhappy investors. The ild- ta investors sued the accounting firm to recover the money they lost, claiming that the firm was liable for securities fraud. Who do you think prevailed? [Ernst! and Ernst v. Hochfelder, 96 S.Ct. 1375 (1976) omon Yhon bicce