Multiple Choice
Big Ltd wished to acquire the ordinary shares of Small Pty Ltd and engaged Albert & Associates to audit the financial report of Small Pty Ltd.Albert & Associates failed to discover a significant liability when performing the audit.In a common law action against Albert & Associates, Big Ltd, at a minimum, must prove:
A) negligence on the part of Albert & Associates.
B) fraud on the part of Albert & Associates.
C) that Albert & Associates knew that the liability existed.
D) All of the given answers are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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