Under what circumstances might an auditor be held legally liable for negligent representation versus a fraudulent misrepresentation
Question:
Under what circumstances might an auditor be held legally liable for negligent representation versus a fraudulent misrepresentation based on court rulings discussed in the chapter? Include in your discussion the tests for reliance on misrepresentations.
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Section 531 of the Restatement of Second Torts establishes that the imposition of liability for fraudulent misrepresentation turns on whether the maker of the misrepresentation had reason to expect th...View the full answer
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Related Book For 
Ethical Obligations And Decision Making In Accounting Text And Cases
ISBN: 9781264135943
6th Edition
Authors: Steven Mintz
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