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Jensen, Inc., filed suit against a public accounting firm, alleging that the auditors' negligence was responsible for failure to disclose a large defalcation that had

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Jensen, Inc., filed suit against a public accounting firm, alleging that the auditors' negligence was responsible for failure to disclose a large defalcation that had been in process for several years. The public accounting firm responded that it may have been negligent, but that Jensen, Inc, was really to blame because it had completely ignored the public accounting firm's repeated Required If the public accounting firm was negligent, is it responsable for the loss sustained by the client? Does the failure by Jensen, Inc, to follow the auditons recommendation for better internal control have any bearing on the question of liability? Explain ons for improvements in intenal control

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