In the Columbia Coffee and Tea case, the auditors were found to owe a duty of care to a third party because:
A) the criteria established in Al Saudi Banque were satisfied.
B) of a statement contained in the auditor's manual.
C) the party and its intended reliance were known.
D) all of the above
Correct Answer:
Verified
Q42: In connection with the examination of financial
Q43: Which of the following is NOT a
Q44: An auditor's examination performed in accordance with
Q45: Which one of the following statements is
Q46: In the Caparo case, it was stated
Q48: To succeed in an action against the
Q49: Which document serves as an acknowledgement of
Q50: Audit reports are an insufficient basis for
Q51: The notion of proximity:
A) is separate from
Q52: The Columbia Coffee and Tea judgement:
A) sought
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