An auditors role is to check company accounts so that any irregularities are exposed. Both outsiders and the companys shareholders rely on the information contained in an audit and the fact that the auditor remains independent is an essential factor in this reliance. Explain what auditors liabilities are in contract, in tort and under the Corporations Act 2001 (Cth). Give reasons for your views, including reference to cases and/or legislation as relevant to your argument.