Best defense for auditors against breach of contract lawsuit

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Question: Breach of Contract. Although large-dollar lawsuits brought by shareholders grab the headlines, auditors are most often sued by the client for breach of contract.

Required: a. How can auditors be in breach of contract with a client? b. How can a client be in breach of contract with auditors?

c. What are the best defenses for auditors against breach of contract lawsuits brought by their clients?

Reference no: EM131624689

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