How does the securities act of 1933, which imposes civil liability on auditors for misrepresentations or ommisions of materials facts in a registation statement, expand auditors liabiltiy to purchusers of securitities beyond that of common law:
A) purchasers only have to prove loss cuased by reliance on audited financial statements
B) privity with purchasers is not a necessary element of proof
C) purchasers have to prove either fraud or gross negligence as a basis for recovery
D) auditors are held to a standard of care desribed as "professional skeptisim"