In respect of the provision of auditing services, the auditor will be liable to compensate the plaintiff if:

Question

Quizplus · Accepted Answer

For an auditor to be liable for compensation to a plaintiff, all the mentioned conditions must be met: a duty of care must exist between the auditor and the plaintiff, the auditor must have performed the audit negligently or given a negligent opinion, and the plaintiff must have suffered a quantifiable loss as a direct result of the auditor's negligence.

In Respect of the Provision of Auditing Services, the Auditor