Under the securities act of 1933, if damages were incurred and there was a material misstatement or omission in the financial statements, the cpa will most likely lose the lawsuit unless:
a. the damages were incurred to a third party that was not a signatory to the contract
b. the management intentionally deceived the auditors
c. the cpa rebuts the allegations
d. the cpa can shift the burden of proof to the investors

c. The CPA rebuts the allegations

Explanation:

The securities act of 1933 was created to protect investors from fraud and bubbles exploiding after the big market crash of 1929, under this law all companies are bound to present their financial reports and statements and in case of failing to do so, or presenting them altered, the CPA in charge will loose the lawsuit, unless he can prove that the allegations are false.

answer; trojan horse;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.