Auditors have greater liability under the Securities Act of1933. Which of the fo

Auditors have greater liability under the Securities Act of1933. Which of the following is the reason that this greaterliability exists?A)The auditor is liable for treble damages under the Securities Actof 1933.B)The plaintiff does not have to prove that the financialstatements were misstated.C)The plaintiff does not have to prove that they relied on thefinancial statements.D)The plaintiff does not have to prove that damages weresuffered.Feedback: The plaintiff must prove that the financialstatements were misstated.