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gyoku2302 gyoku2302
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Posts: 133
A year ago
The basic legal concept which was affirmed in the 1986 New York case, Credit Alliance, was that

▸ the auditor's defense of privity of contract is still valid.

▸ the auditor is liable for ordinary negligence to specifically foreseen third parties.

▸ the auditor is liable for ordinary negligence to reasonably foreseeable third parties.

▸ the auditor's defense of contributory negligence is no longer valid.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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jd1044jd1044
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A year ago
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gyoku2302 Author
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A year ago
Thanks
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Yesterday
Just got PERFECT on my quiz
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2 hours ago
Smart ... Thanks!
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