Gold,CPA,rendered an unqualified opinion on the 1987 financial statement of Eastern Power Co.Egan purchased Eastern bonds in a public offering subject to the Securities Act of 1933.The registration statement filed with the SEC included the financial statements.Gold is being sued by Egan under Section 11 of the Securities Act of 1933 for the misstatements contained in the financial statements.To prevail,Egan must prove:

Question

Quizplus · Accepted Answer

To prevail against Gold,CPA (a professional)under Section 11 of the Securities Act of 1933,Egan (a third party,nonclient)need not prove either scienter or reliance.

Gold,CPA,rendered an Unqualified Opinion on the 1987 Financial Statement of Eastern