An investor or creditor believes that they have suffered harm due to the unexpected the bankruptcy of

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An investor or creditor believes that they have suffered harm due to the unexpected the bankruptcy of a large corporation:

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Can that investor or creditor sue the auditor of the large corporation under contract law? Explain.

If the investor or creditor chooses to sue the auditor of the large corporation under tort law, what must they prove before their claim can succeed?

How can the auditor contest a claim of negligence?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Oct 19, 2022 01:13 AM

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An investor or creditor believes that they have suffered harm due to the unexpected the bankruptcy of

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Answer i Auditors are potentially liable for both criminal and civil offences The former occur when individuals or organisations breach a government imposed law in other words criminal law governs rel... View the full answer

Intermediate Accounting

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