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How Does the Court's Decision in Deloitte & Touche V

Question 61

Multiple Choice

How does the court's decision in Deloitte & Touche v Livent Inc impact the liability of auditors in Canada?


A) Auditors will normally be liable only to their clients.
B) Auditors are now liable to anyone who relies on their audited financial statements.
C) Auditors can only be sued for breach of contract and not for negligent misstatement.
D) Auditors are not liable for pure economic loss.

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