EP AUDITING+ASSURANCE...-MYACCT.LAB
EP AUDITING+ASSURANCE...-MYACCT.LAB
16th Edition
ISBN: 9780134148656
Author: ARENS
Publisher: PEARSON CO
Question
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Chapter 5, Problem 10RQ
To determine

Differentiate among the auditor’s potential liability to the client, liability to third parties under common law, civil liability under the securities laws, and criminal liability. State one situation for each type of liability in which the auditor can be held legally responsible.

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