Question 25 Not yet answered Auditors should understand their obligations to clients and third parties under: 1. contract law 2. common law 3. trade practices 4. corporations and securities statutes Marked out of 1.00 Flag question Select one: a 1, 2, & 4 b. 1, 2, & 3 C. 1, 3, 84 d. 1, 2, 3, 4 Question 26 Safeguards to independence: Hot yet answered Marked out of 7.00 P Flag question Select one: a. Deal with a threat when one becomes apparent. b. Minimise the risk that a threat to independence will surface. C. Are developed by the accounting profession, legislators, regulators, clients and accounting firms. d. All of the above. hon 27 et ered ed out of When a client sues an auditor for failure to detect a misappropriation by a client employee, which of those would not be a valid defence for the auditor? ag tion Select one: a. Contributory negligence. b. Due negligence. C. Lack of privity d. Due care