How does the court's decision in Deloitte & Touche v Livent Inc impact the liability of auditors in Canada?

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The court's decision in Deloitte & Touche v Livent Inc clarified that auditors will normally be liable only to their clients, emphasizing the importance of the contractual relationship between the auditor and the client. This decision impacts the scope of auditor liability by limiting it primarily to the client who has directly engaged the auditor's services, rather than extending it broadly to any third parties who might rely on the audited financial statements.

How Does the Court's Decision in Deloitte & Touche V