nses and Types of Third Parties (35 points) TWO other possible ONE other possibl

Question

nses and Types of Third Parties (35 points) TWO other possible ONE other possible legal defenses available to auditors r poss tPovide an example for "Lack of Duty" and Duty" and legal defenses available to auditors y) sues the discussed in class if the client (i.e. compan auditor. . List, explain or provide an example for "Lack of discussed in class if a third party sues the auditor. . Identify types of third parties on the next page. CLIENT SUITS Lack of Duty Two other defenses THIRD PARTY SUITS Lack of Duty One other defense

Explanation / Answer

CLIENT SUITS

Lack of duty

Legal defence

THIRD PARTY SUITS

Lack of duty

Legal defence

Third parties can be investors, creditors, bankers.

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