Circumstance under which an auditor may be liable for damagesfor materials misstatements in published accounts on which he has expressedan audit
Circumstance under which an auditor may be liable for damagesfor materials misstatements in published accounts on which he has expressedan audit
(i) Describe the circumstance under which an auditor may be liable for damages
for materials misstatements in published accounts on which he has expressed
an audit opinion. (4
marks)
(ii) Under what circumstances can be avoid liability? (4 marks)
