Under the common law,in a lawsuit concerning auditor liability,the primary beneficiary is _______.

Question

Quizplus · Accepted Answer

The primary beneficiary in a lawsuit concerning auditor liability is the party for whose benefit the audit or service is being performed. This is because the audit or service is being performed with the intended purpose of providing information or assurance to that party. Other parties such as the client and shareholders may also have a vested interest, but the primary beneficiary is the party for whom the audit or service is being performed.

Under the Common Law,in a Lawsuit Concerning Auditor Liability,the Primary