There are no circumstances upon which an auditor owes a duty of care to a third party.

Name: There are no circumstances upon which an auditor owes a duty of care to a third party.
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Question

Quizplus · Accepted Answer

An auditor owes a duty of care to third parties in certain circumstances, such as when the auditor knows or should know that the third party will rely on the auditor's work product. This duty of care is known as the "foreseeable user" or "reasonable certainty" standard, and has been recognized in many legal jurisdictions.

There Are No Circumstances Upon Which an Auditor Owes a Duty