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Auditors may be held liable to both their clients and third parties under common law. a. What must a client prove to recover its losses

Auditors may be held liable to both their clients and third parties under common law.

a. What must a client prove to recover its losses from an auditor under common law?

b. What must a third party prove to recover losses from an auditor under common law?

c. How does an auditor's ethical obligations and liability under common law intersect?

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