An auditor will never under any circumstances owe a duty of care to a third party.

Question

Quizplus · Accepted Answer

An auditor can owe a duty of care to a third party in certain circumstances, such as when the third party is identified as a specific user of the audited financial statements or when the auditor knows or should have known that the third party will rely on the audited financial statements. The specific circumstances vary by jurisdiction and may be subject to legal interpretation.

An Auditor Will Never Under Any Circumstances Owe a Duty