Using the resources of your library, such as The Wall Street Journal Index, the Accountants Index, ABI

Question:

Using the resources of your library, such as The Wall Street Journal Index, the Accountants Index, ABI Inform, and the Business Periodicals Index, prepare briefs of recent common-law cases brought against auditors, including the tests used by the courts to decide the cases. In your brief, discuss

(a) the alleged audit deficiency;

(b) the damages asserted by the plaintiffs and the linkage of those damages to the auditor;

(c) the negligence standard used by the court;

(d) the court’s findings;

(e) the implications for the broader auditing profession.

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