Auditing And Assurance Services
Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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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