Failing to provide the audit report on time is a potential cause of action against the auditor for breach of contract.

Question

Quizplus · Accepted Answer

When an auditor fails to provide the audit report on time, it may constitute a breach of contract, as the terms and conditions of the agreement between the auditor and the client typically stipulate a deadline for the completion of the audit. As a result, the client may have grounds to take legal action against the auditor for failing to fulfill their contractual obligations.

Failing to Provide the Audit Report on Time Is a Potential