Assume that auditors lost a civil lawsuit for damages and the court found total losses of $

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Assume that auditors lost a civil lawsuit for damages and the court found total losses of $ 5 million. If the auditors were determined to be 30 percent at fault and were the only solvent defendants, what is the auditors’ likely obligation under proportionate liability?
a. $ 5,000,000.
b. Zero.
c. $ 2,250,000.
d. $ 1,500,000.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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