From the auditors' point of view,which of the following is a preferable provision for imposition of civil liability in a lawsuit for financial damages?
A) Joint and several liability.
B) Reasonably foreseeable users' approach to privity.
C) Foreseen third parties' approach to privity.
D) Proportionate liability.

Question

Quizplus · Accepted Answer

Proportionate liability is a preferable provision for imposition of civil liability in a lawsuit for financial damages from the auditors' point of view. This approach allows for a fair sharing of responsibility among all parties deemed responsible for the damages, rather than solely holding one party accountable through joint and several liability. Additionally, reasonably foreseeable users' approach to privity and foreseen third parties' approach to privity may limit the auditors' liability and ability to be held responsible for damages caused.

From the Auditors' Point of View,which of the Following Is