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13. It is difficult for creditors to successfully claim damages from an auditor. This is because: a the corporate veil of incorporation ensures there is

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13. It is difficult for creditors to successfully claim damages from an auditor. This is because: a the corporate veil of incorporation ensures there is only a relationship between auditor and shareholders; b privity letters only go some way toward establishing a duty of care for third parties; c an audit opinion does not, of itself, induce a third party to act

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