Who may bring civil litigation against an auditor?

Question

Quizplus · Accepted Answer

It depends on a country's laws governing auditor liability. The laws and regulations governing auditor liability vary by country. In some countries, only the client company may bring civil litigation against an auditor, while in other countries shareholders may also have the right to bring a lawsuit. Additionally, some countries may have limits on the extent of damages that can be awarded in such lawsuits. Therefore, it is important to consult the laws of the specific country in question to determine who may bring civil litigation against an auditor.

Who May Bring Civil Litigation Against an Auditor