Which of the following would provide an auditor with evidence regarding control risk?

a. Calculation.

b. Confirmation.

c. Analytical procedures.

d. Inquiry.

Kramer bought Newmania Corp. common stock in an offering registered under the Securities Act of 1933. Seinfeld & Co., CPAs, gave an unqualified opinion on Newmania's financial statements that were included in the registration statement filed with the SEC. Kramer sued Seinfeld under the provisions of the 1933 Act that deal with omission of facts required to be in the registration statement. Kramer must prove that:

a Kramer was in privity with Seinfeld.

b there was a material misstatement in the financial statements.

c there was fraudulent activity by Seinfeld.

d Kramer relied on Seinfeld's opinion.