Auditors may be held liable to both their clients and third parties under common law.
a.What must a client prove to recover its losses from a client under common law?
b.What must an ordinary third party prove to recover losses from an auditor under
common law?
c.How does an auditor's ethical obligations and liability under common law intersect?

Question

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The Answer of Auditors may be held liable to both their clients and third parties under common law.
a.What must a client prove to recover its losses from a client under common law?
b.What must an ordinary third party prove to recover losses from an auditor under
common law?
c.How does an auditor's ethical obligations and liability under common law intersect?

Auditors May Be Held Liable to Both Their Clients and Third