AUDITING RMU
AUDITING RMU
11th Edition
ISBN: 9781260934830
Author: MESSIER
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 20, Problem 20.19MCQ
To determine

Concept Introduction:

In general, investors invest in shares of the company after analyzing the financial statements of a company. It is not the liability of investors to check the misstatement in financial statements. Investors can believe in the audited financial statements. If the financial statements include material omission which caused loss to investor, the investor can sue the auditor and company in the court of law for the loss suffered to him.

To choose:The option that plaintiff must prove in the court of law regarding misstatements of financial statements.

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