A common type of lawsuit against public accountants is for the failure to detect a defalcation. State

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A common type of lawsuit against public accountants is for the failure to detect a defalcation. State the auditor’s responsibility for such discovery. Give authoritative support for your answer.

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133098235

12th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser

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Question Posted: Dec 17, 2015 06:22 AM

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A common type of legal action against auditors is for failure to detect a defalcation. Describe the auditor's responsibility for such discovery.
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A common type of lawsuit against public accountants is for the failure to detect a defalcation. State

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Auditing The Art and Science of Assurance Engagements

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