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If a stockholder sues a CPA for common law fraud based on false statements contained in the financial statements audited by the CPA, which of

If a stockholder sues a CPA for common law fraud based on false statements contained in the financial statements audited by the CPA, which of the following is the CPA's best defense?

The auditor followed GAAS.

The CPA did not financially benefit from the alleged fraud.

The stockholder lacks privity to sue.

There was contributory negligence of the client.

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