What is meant by the term privity? How does privity affect the auditors liability under common law?

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What is meant by the term privity? How does privity affect the auditor’s liability under common law?

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 25, 2014 05:44 AM

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What is meant by the term privity? How does privity affect the auditors liability under common law?

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Privity is the relationship between parties to a c...View the full answer

Principles of Auditing and Other Assurance Services

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