Adam claimed that N & A, its accounting firm, negligently ...

[Bernana]

Adam claimed that N & A, its accounting firm, negligently prepared an audit. To hold the accounting firm liable, which of the following elements must be established?
 A) Scienter or guilty knowledge
 B) A fiduciary relationship
 C) Failure to exercise due care
 D) An executed engagement letter

Question 2

To prevail under the 1933 Securities Act, a plaintiff must prove
 A) the registration statement contained a material misstatement or omission; and the plaintiff lost money.
 B) the registration statement contained a material misstatement or omission; the auditor acted knowingly or recklessly; and the plaintiff lost money.
 C) the registration statement contained a material misstatement or omission; the auditor intended to deceive; and the plaintiff lost money.
 D) only that the registration statement contained a material misstatement or omission.

[meganmoser117]

Answer to Question 1

C

Answer to Question 2

A

[Bernana]

YES! Correct, THANKS for helping me on my review

[Liddy]

Thanks for the timely response, appreciate it