Harry & Joseph rendered an unmodified auditor's opinion on the financial report of a company that sold shares in a public offering.Based on a false statement in the financial report, Harry & Joseph is being sued by an investor who purchased shares in this public offering.Which of the following represents a viable defence?
A)The investor has not met the burden of proving fraud by Harry amp; Joseph.
B)The false statement is immaterial in the overall context of the financial report.
C)Detection that the statement was false occurred after the date of the auditor's report.
D)The investor did not actually rely upon the false statement.

Question

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The Answer of Harry & Joseph rendered an unmodified auditor's opinion on the financial report of a company that sold shares in a public offering.Based on a false statement in the financial report, Harry & Joseph is being sued by an investor who purchased shares in this public offering.Which of the following represents a viable defence?
A)The investor has not met the burden of proving fraud by Harry amp; Joseph.
B)The false statement is immaterial in the overall context of the financial report.
C)Detection that the statement was false occurred after the date of the auditor's report.
D)The investor did not actually rely upon the false statement.

Harry & Joseph Rendered an Unmodified Auditor's Opinion on the Financial