Multiple Choice
In the case of ADT Ltd vs BDO Binder Hamlyn (1996) where Binder Hamlin was found negligent and ordered to pay £105 million in damages (though the case was ultimately settled for £50 million) , what specific action by the auditor was found to make them liable?
A) The auditor signed an unmodified audit opinion.
B) The auditor became aware of misstatements in the financial statements but failed to withdraw their opinion.
C) The auditor facilitated the takeover agreement.
D) The auditor, in a meeting with ADT directors, verbally confirmed that the financial statements provided a true and fair view.
Correct Answer:
Verified
Correct Answer:
Verified
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