If a plaintiff purchased securities and initiates a civil liability suit against a CPA, what must be proven under the 1933 and 1934 Securities Acts for the plaintiff to prevail? Place yes or no in the space provided for each of the following.

	Section 11	10b-5
	1933 Act	1934 Act
1. material misstatement in the financial Statements	_______	_______
2. a monetary loss occurred	_______	_______
3. lack of due diligence by the CPA	_______	_______
4. privity with the CPA	_______	_______
5. reliance on the financial statements	_______	_______
6. the CPA had scienter	_______	_______