Explain what kind of source of legal liability could be claimed by clients to sue auditors? What auditors use in accordance with a defense? In your own words, as an auditor write a short essay on the strategic approaches to understand the client’s business and industry. (Provide a practical example)

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The issue of auditors liability is included in the syllabus for Paper P7 Advanced Audit and Assurance Candidates need to understand and apply the principles of establishing liability in a particular s... View the full answer