Describe the triangle of relationships shown in Figure 4.2 . FIGURE 4.2 Auditor, Client, and Third-party Relationships

Describe the triangle of relationships shown in Figure 4.2 .

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FIGURE 4.2 Auditor, Client, and Third-party Relationships is hired by and owes a duty of due care to The Auditor may owe a duty to The Client whose capital is furnished, in part, by Third Parties