The liability of an auditor is less extensive under statutory law than under common law.

Name: The liability of an auditor is less extensive under statutory law than under common law.
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Under statutory law, auditors may have specific responsibilities and liabilities explicitly defined by legislation, which can extend or be more specific than the general duties and liabilities established under common law. Statutory laws can impose stricter standards and penalties.

The Liability of an Auditor Is Less Extensive Under Statutory