a. Compare an auditors liability to third parties for negligence under Ultramars, Credit Alliance, 1965 Restatement (Second)

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a. Compare an auditor’s liability to third parties for negligence under Ultramar’s, Credit Alliance, 1965 Restatement (Second) of Torts, and Rosenblum. Which approach do you think auditors prefer? Why?

b. Which approach do you think is best for society? Why?

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Question Posted: Dec 29, 2012 06:30 AM

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a. Compare an auditors liability to third parties for negligence under Ultramars, Credit Alliance, 1965 Restatement (Second)

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a Under the Ultramars precedent the auditor is liable for negligence only to third parties who are the primary beneficiary of the audit as specified i...View the full answer

Auditing a business risk appraoch

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