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Legal Liability in Audit Firms by Marienela Faye Lungay is a document available to read on EtoBox.

What is Legal Liability in Audit Firms about?

The document discusses professional legal liability for auditors, including liability doctrines, applicable laws and legal actions, and auditor liability under contract law, common law, and statutory law. It covers topics such as deep-pocket theory, class action lawsuits, contingent-fee compensation, ordinary negligence, gross negligence, fraud, and the Ultramares case establishing precedent for auditor liability to third parties.

Author

Marienela Faye Lungay

Language

EN