__ 13 - Which common law defense centers on the inherent limitations of the audit process?...

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__ 13 - Which common law defense centers on the inherent limitations of the audit process?...

__ 13 - Which common law defense centers on the inherent limitations of the audit process?

Due care defense
Contributory negligence

______ 14- Under which Securities Act is the auditor liable for ordinary negligence?

Securities Act of 1933
Securities Act of 1934

______ 15- In minimizing the risk of litigation, which precaution can help minimize the risk of misunderstanding about the contractual obligations?

Thoroughly investigate clients
Comply with professional pronouncements
Use engagement letters
Emphasize quality rather than growth

business accounting

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Answer 1

Answer #1

13. Which common law defence centres on the inherent limitations of the audit process? - Due care defense

14. Under which Securities Act is the auditor liable for ordinary negligence? Securities Act of 1934

15. In minimizing the risk of litigation, which precaution can help minimize the risk of misunderstanding about the contractual obligations? Use engagement letters

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Answer 2

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__ 13 - Which common law defense centers on the inherent limitations of the audit process?...

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