The auditor only has a duty of care to a company that hires the auditor and has a contract with him or her under privity of contract.

Name: The auditor only has a duty of care to a company that hires the auditor and has a contract with him or her under privity of contract.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

An auditor may also owe a duty of care to third parties who rely on the audit report, even if there is no direct contract with them, depending on the jurisdiction and specific circumstances.

The Auditor Only Has a Duty of Care to a Company