When a company files for bankruptcy with no advance warning from the auditor, do you believe the auditor should be held financially liable for all of the losses that were incurred by investors since their investment is now worth nothing? 2. When a company is found to have committed fraud resulting in a loss to investors, do you believe the auditor should be held financially liable for all of the losses of the investors

Answer rating: 100% (QA)

Determining an auditors financial liability in these situations is complex and depends on various factors Heres a breakdown of the key considerations ... View the full answer