What is meant by the auditors near-privity relationship? How does this differ from the privity relationship with a client with respect to establishing an auditors

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What is meant by the auditors’ “near-privity” relationship? How does this differ from the “privity” relationship with a client with respect to establishing an auditor’s legal liability to a client?

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What is meant by the auditors near-privity relationship? How does this differ from the privity relationship with a client with respect to establishing an auditors

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