In addition to proving a loss,which of the following must be proven by a third party suing a CPA under Section 11 of the 1933 Securities Act? $\begin{array}{lll}&\text { Misleading Financial Statements }&\text { Reliance on financial statements }\
\text { A } & \text { Yes } & \text { Yes } \
\text { B. } & \text { Yes } & \text { No } \
\text { C. } & \text { No } & \text { Yes } \
\text { D. } & \text { No } & \text { No }
\end{array}$

Question

Quizplus · Accepted Answer

Under Section 11 of the 1933 Securities Act, a third party must prove misleading financial statements but does not need to prove reliance on those financial statements to sue a CPA.

In Addition to Proving a Loss,which of the Following Must