In third-party suits, which of the auditor's defences contends lack of privity of contract?

Question

Quizplus · Accepted Answer

Lack of privity of contract means there is no contractual relationship between the auditor and the third party. The auditor can argue that they owe no duty of care to the third party as they had no contractual agreement. This defence is known as lack of duty. Options A, B, and C relate to other defences that may be used in third-party suits, but do not directly relate to lack of privity of contract.

In Third-Party Suits, Which of the Auditor's Defences Contends Lack