Auditors should not be liable to any party if they perform services that met the standards of
A) ordinary negligence.
B) regulatory providence.
C) due care.
D) good faith.

Question

Quizplus · Accepted Answer

The concept of due care is a higher level of care than ordinary negligence or good faith. Auditors should exercise due care, which means that they should perform services at a level that is reasonable, given the circumstances. If an auditor meets this standard and performs their duties with due care, they should not be held liable to any party.

Auditors Should Not Be Liable to Any Party If They