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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
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. legal cases have demonstrated that creditors rank equally with shareholders when a company is wound up.
C. An audit opinion does not, of itself, induce a third party to act
D. Creditors cannot adequately quantify the loss or damage suffered
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