The most significant audit issue that came as a result of the court decision in the Escott et al.v.Bar Chris Construction Corporation case in 1968 was:

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The court decision in the Escott et al. v. Bar Chris Construction Corporation case in 1968 affirmed the increased auditor's responsibility when performing an S-1 review, a review of events subsequent to the balance sheet, for registration statements. This means that auditors have a greater responsibility to review events that occur after the balance sheet date in order to ensure that the financial statements are accurate and complete. This case set a precedent for auditors' responsibilities when performing S-1 reviews in subsequent cases.

The Most Significant Audit Issue That Came as a Result