What must be proven for an auditor to be found negligent under tort law? (Several choices...
What must be proven for an auditor to be found negligent under tort law? (Several choices may be correct.)
1.Management limited the auditor’s scope
2.A duty of care was owed by the auditor
3.Loss was suffered as a consequence of the breach
4.Any fraud was not uncovered
5.There was a breach of the duty of care
Homework Answers
Answer is as follows:
Correct Option: 3. Loss was suffered as a consequence of the breach
5. There was a breach of the duty of care.
Under tort law, if there a breach of duty of care towards a third party and such party suffer some loss in any form as a consequence of breach of duty of care, auditor must be held responsible for such negligence and auditor can be sued for his negligence.
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What must be proven for an auditor to be found negligent under
tort law? (Several choices...
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