The C.I.T. Financial Corporation case resulted in extending the auditor's liability to third parties for ordinary negligence

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The C.I.T. Financial Corporation case resulted in extending the auditor's liability to third parties for ordinary negligence under common law to

a. Foreseen parties.

b. Foreseeable parties.

c. Primary beneficiaries.

d. Those with privity relationships.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 02:00 AM

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The C.I.T. Financial Corporation case resulted in extending the auditor's liability to third parties for ordinary negligence

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The correct answer is b Foreseeable parties In the CIT Financial Corporation case th...View the full answer

Auditing An Assertions Approach

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