Use the same facts as in question 17-28. Under proportionate liability, the auditor would be responsible for
Question:
Use the same facts as in question 17-28. Under proportionate liability, the auditor would be responsible for damages of:
a. \($1\) million
b. \($750,000 \)
c. \($270,000 \)
d. \($150,000 \)
Data From Question 17-28
In a suit for damages, the jury awards the plaintiffs \($1\) million. The jury also determines that management is 80 percent at fault, the auditors are 15 percent at fault, and management’s counsel is 5 percent at fault. Assume that management is unable to pay any damages. Under the joint and several liability provisions, the auditor would be responsible for damages of:
• \($1\) million
• \($750,000 \)
• \($270,000\)
• \($150,000\)
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Related Book For
Auditing Concepts For A Changing Environment
ISBN: 9781284249286
5th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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