Under common law,which of the following is a basis for litigation against an auditor for failure to meet professional standards and responsibilities?
A)Ordinary negligence
B)Gross negligence
C)Fraud
D)All of the above.

Question

Quizplus · Accepted Answer

Under common law, an auditor can be sued for ordinary negligence, gross negligence, and fraud. Therefore, all options (A, B, and C) are valid bases for litigation against an auditor.

Under Common Law,which of the Following Is a Basis for Litigation