Ser appropriat The threshold for asses challenged timeo Term 2 Standard Examination 2018 Ade Auditing and Ethics - ACCT20075 Question 4 - Ethics, legal liability and client acceptance and 10 Marks bar ended 30 June 2017 were or s report was published Media Marketing Ltd's financial statements for the year ended 30 June 20 audited by George Hart and Partners. The unqua alongside the directors' statements on 20 August 2017. Paul Poon, a tycoon publishing industry, put forward a bid to take over Media Marketing at $2.50 per share, based on the net asset value of the audited accounts (which also showed net profit for the year of $18 million). The takeover was finalised on 30 September 2017. In October it was leaked to the press that the financial statements of Media Marketing had excluded a significant legal liability on a case for a claim of $5 min. ine case was being appealed by Media Marketing in June 2018. The outcome of the damages claim caused the company's share price to plummet. Paul Poon was extremely annoyed, partly because he had examined the accounts but overlooked the lawsuit. He decided to sue George Hart for negligence and compensation for not including an estimate for the likely damages. Required: Analyse George Hart's legal liability and the likelihood that Paul Poon may succeed in the action. N