HappyDaze external auditors is currently being sued under contract law for rendering a clean audit opinion on financial statements which it was later determined contained material misstatements. The lawsuit alleges breach of contract on the part of the external auditor. Which of the following choices would most likely represent a successful argument for the plaintiff in bringing this suit?

Although HappyDaze issued an audit report in compliance with Generally Accepted Auditing Standards, the plaintiff believes that the auditor was still negligent.

Due to delays by the client in providing information that the auditor had requested in a timely manner, the audit report was delivered later than the initially agreedupon date.

HappyDaze, during the course of the audit, did not adhere to Generally Accepted Auditing Standards, and therefore are liable accordingly.

None of the choices is correct.