Which of these cases established the legal principle that auditors owe a duty of care to shareholders as a group and not to individual shareholders?
A) Esanda
B) Caparo
C) Scott Group
D) Pacific Acceptance
Correct Answer:
Verified
Q32: Safeguards to independence are created by
A) accounting
Q41: Explain the five fundamental principles of professional
Q42: Explain the purpose and major contents of
Q43: Distinguish between independence of mind and independence
Q45: Discuss the findings in the Esanda case
Q46: The key difficulty for third parties in
Q48: Describe the three categories of safeguards to
Q49: Audit committees have been widely recommended as
Q63: The final stage in the client acceptance
Q73: An auditor's assessment of their client's integrity
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