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Explain the impact that the pacific acceptance case

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Reference no: EM13486504

Question 1. Why would the courts want to limit the ability of third parties to sue auditors who have been negligent? Are there any arguments that this liability should not be limited?

Question 2. A. Explain the impact that the Pacific Acceptance case had on existing auditing practice. B. List four of the procedures or practices that were identified in the ruling as being part of a competent audit.

 

Reference no: EM13486504

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