Acpa issued an unqualified opinion on the financial statements of a company that sold common stock in a public offering subject to the securities act of 1933. based on a misstatement in the financial statements, the cpa is being sued by an investor who purchased shares of this public offering. which of the following represents a viable defense?
answer

the misstatement is immaterial in the overall context of the financial statements.

the cpa detected the misstatement after the audit report date.

the investor has not proven cpa negligence.

the investor did not rely upon the financial statement.

The misstatement is immaterial in the overall context of the financial statements.

Explanation:

An immaterial misstatement is an omission that has not been treated correctly but is not significant enough to negatively influence the use of the financial statements or the decisions made by those using them. This immaterial misstatements do not represent fraud or intentional wrongdoing.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

answerthe above statement is (true);