A number of cases have considered the auditor’s liability in relation to persons other than the immediate client. Even so, the AWA case established that:    Select one: a. Duty of care and skill means following the accounting standards b. auditors have a contractual duty to oversee and review the work of inexperienced audit staff c. Auditors are only liable for the proportion of damages attributable to their actions d. Auditors have a duty of care only to the shareholders.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A number of cases have considered the auditor’s liability in relation to persons other than the immediate client. Even so, the AWA case established that: 



 

Select one:
a. Duty of care and skill means following the accounting standards
b.
auditors have a contractual duty to oversee and review the work of inexperienced audit staff
c.
Auditors are only liable for the proportion of damages attributable to their actions
d.
Auditors have a duty of care only to the shareholders.
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