The Wisconsin Supreme Court extended auditor liability to foreseeable users in the case of Citizens State Bank v.Timms Schmidt & Co.
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Q25: The Restatement of Torts approach further supports
Q26: If public accounting firms practice defensive auditing,there
Q27: The cornerstone of any defensive practice program
Q28: Privity is a concept defining the unwritten
Q29: The Continental Vending case represented the first
Q31: The Private Securities Litigation Reform Act of
Q32: A foreseeable user of a financial statement
Q33: The doctrine of due care means that
Q34: The Ultramares case established the initial precedent
Q35: Contingent-fee based cases are alleviating the intensity
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