Question: 1 . What is Auditors' Liability to Third Parties 2 . Please explain the results of auditor's liability to third parties under each of the

1.What is Auditors' Liability to Third Parties
2. Please explain the results of auditor's liability to third parties under each of the following cases: Ultramares, Credit Alliance, 1965 Restatements (Second) of Torts and Rosenblum. 3. How should auditor determine and defend which case is most beneficial to auditors and which is most beneficial to society.

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