In general,which of the following parties would have the lowest burden of proof in bringing suit against an auditor?
A) Clients.
B) A lender who meets the definition of a primary beneficiary.
C) A third-party investor under the Securities Act.
D) A lender who meets the definition of a foreseen third party.

Question

Quizplus · Accepted Answer

Under the Securities Act, third-party investors generally have a lower burden of proof when bringing suit against an auditor, as they only need to prove that there was a material misstatement or omission in the financial statements.

In General,which of the Following Parties Would Have the Lowest