Problem

Plaintiffs bringing action under common law need not proveA. They have a “reliance letter”...

Plaintiffs bringing action under common law need not prove

A. They have a “reliance letter” from auditors.

B. They were damaged or suffered a loss.

C. The financial statements contained a material misstatement.

D. Auditors failed to exercise the appropriate level of professional care and were responsible for the damages.

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