34) Winston Chang, PA conducted the audit of Manra Manufacturing Ltd., a small company that produces a variety of machined parts for the automotive and computer industry. The audit showed that the company produced a small profit after paying the owners of the company a high salary. Manra was purchased by a competitor. Cheblay. Cheblay had hoped to produce efficiencies by combining the two companies and was unable to do so. Cheblay sued Chang because it relied upon the financial statements when purchasing the company's shares. claiming that the machines, which were about fifteen years old, had been overvalued. The machines were recorded at cost. which was below net realizable value. What is the auditor's best defence? A) contributory negligence B) duty of care C) absence of liability D) absence of negligence