Page 55 - AAA Integrated Workbook STUDENT S18-J19

Professional responsibilities and liability

Legal liability

Legal liability

Contractual No contractual

arrangement arrangement

Breach of contract Tort of negligence

 Defendant owes a
Auditor has failed to duty of care

comply with the terms
of engagement  Defendant has
breached the duty
of care

 Plaintiff has

suffered loss as a
direct result

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