Do you believe that the auditors should be responsible to users other than the shareholders? Give reasons

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Question:

Do you believe that the auditors should be responsible to users other than the shareholders? Give reasons to support your answer (5

b) Does the auditor require a codified definition of "reasonable care and skill could this be left to professional judgment? Explain

c) Why should the auditor be unwilling to take full responsibility for the de a of fraud during the annual audit? Explain.

d) Discuss the proposition that the 'expectations gap' has arisen because ignorance and should therefore be resolved by the public themselves
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