All of the following factors have led to increased litigation against the auditor except
A)class-action suits.
B)increased complexity of accounting standards.
C)less demanding auditing standards for detection of errors and regularities.
D)joint and several liability statutes.

Question

Quizplus · Accepted Answer

less demanding auditing standards for detection of errors and regularities have not led to increased litigation against the auditor. In fact, less demanding standards may reduce the likelihood of litigation by providing less opportunity for potential errors or irregularities to occur. The other factors listed, such as class-action suits, increased complexity of accounting standards, and joint and several liability statutes, have all contributed to increased litigation against auditors.

All of the Following Factors Have Led to Increased Litigation