An investor seeking to recover stock market losses from a CPA firm,based upon an unqualified opinion on financial statements that accompanied a registration statement,must establish that:
A) there was a false statement or omission of a material fact contained in the audited financial statement.
B) he/she assumed the financial statements to be accurate.
C) the investor completely relied on the CPA firm's opinion for investing in the stock market.
D) the losses were the result of a downturn in the price of securities.
Correct Answer:
Verified
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