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The responsibility of public accountants to safeguard the public's interest has increased as the number of investors has increased, as the relationship between corporate managers

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The responsibility of public accountants to safeguard the public's interest has increased as the number of investors has increased, as the relationship between corporate managers and stockholders has become more impersonal, and as government increasingly relies on accounting information Required: Due to the above statement, there have been many factors that have lead to increase in litigation against auditors. Explain FOUR (4) factors that contribute to the increasing legal actions taken against auditors. (20 marks)

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