If a stockholder sues a CPA for common law fraud based on false statements contained in the financial statements audited by the CPA,which of the following,if present,would be the CPA's best defense?
A) The stockholder lacked privity to sue.
B) The false statements were immaterial.
C) The CPA did not financially benefit from the alleged fraud.
D) The client contributed to the negligence.
Correct Answer:
Verified
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