Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Auditors of a Public Company May Face Unlimited Liability to Investors

Question 45
Multiple Choice
arrowQuestion 45arrow
Multiple Choice

Auditors of a public company may face unlimited liability to investors who may be a worldwide class of potential plaintiffs. What do the courts do to limit such responsibility in negligence?

A)They limit damages to the cost of the audit fees.
B)They make auditors liable only for gross negligence
C)They limit the scope of duty.
D)They make it very difficult to prove causation.
E)None of the above

Choose question tag
close menu

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Business Law Homework Help with various study sets and a huge amount of quizzes and questions

Get Free Access Now!
Textbook Solutions
Textbook Solutions

Find all the solutions to your textbooks, reveal answers you would’t find elsewhere

Find Solutions
Search By Image
Search By Image

Scan any paper and upload it to find exam solutions and many more


Studying is made a lot easier and more fun with our online flashcards

Find Flashcards