An underwriter participating in a follow-on equity offering discovers a discrepancy between the issuer's disclosed contracts and those reviewed during diligence. What is the best course of action to support a due diligence defense?

1. AProceed with the offering, assuming the discrepancy is immaterial
2. BRely on the issuer's legal counsel to address the issue post-offering
3. CInvestigate the discrepancy and ensure accurate, updated disclosure before proceeding✓ Correct answer
4. DIgnore the issue unless the SEC raises a comment

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