differentiate the auditor's liability under common law and statutory law.

Factors that may affect the group engagement team's involvement in the work of the component auditor includeFactors that may affect the group engagement team's involvement in the work of the component auditor include

measures for profession to reduce exposure to lawsuit

Explain the difference between the ethical responsibilities of auditors and auditor legal obligations

Distinguish between the legal concepts of actually foreseen third-party users and reasonably foreseeable third-party users. How does each concept establish a basis for an auditor's legal liability to third parties?