Question: First consider the objectives of an audit in general when responding the following topic question. Given the Internet and the wide dispersal of information that

First consider the objectives of an audit in general when responding the following topic question. Given the Internet and the wide dispersal of information that exists today, should auditors also be held liable for users who were unknown to the auditor but relied on the report? Explain your position. What is the best way for an auditor to reduce their liability? Why? 

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The main objective of an audit is to confirm to the shareholders that the annual accounts represents ... View full answer

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