Escott v. BarChris Construction Co., the famous 1968 case from the federal district in New York, established that auditors
A) cannot be liable for auditing malpractice unless they act with scienter-an intention to deceive.
B) are only liable for taking into consideration what they are given by the client.
C) cannot use the "due diligence" defense.
D) are expected to verify the answers to questions asked by them of top management.
E) none of the above.
Correct Answer:
Verified
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