Elliot Corp.is interested in purchasing Roger Corp.Prior to the purchase,Elliot hired Adam & Co.to audit Roger's financial statements.During the audit,Adam failed to discover a fraud that resulted in material misstatements in Roger's financial statements.After the acquisition,the fraud was discovered,and Elliot Corp.suffered substantial losses.To sue Adam & Co.,Elliot must prove that Adam

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In order to successfully sue Adam & Co., Elliot must prove that the accounting firm failed to exercise the appropriate level of professional care. If Adam & Co. had performed the audit with the appropriate level of care, the fraud should have been discovered and the misstatements in Roger's financial statements should have been avoided. The other choices (A, B, and D) involve higher standards of proof that may be more difficult for Elliot to establish.