Under Section 11 of the Securities Act of 1933,an accountant cannot make use of the due diligence defense.

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Under Section 11 of the Securities Act of 1933, an accountant can make use of the due diligence defense, provided they can demonstrate that they conducted a reasonable investigation into the financial statements they reviewed or audited. However, the due diligence defense is not absolute and requires a higher level of investigation than other categories of defendants.

Under Section 11 of the Securities Act of 1933,an Accountant