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    Auditing and Assurance Services Study Set 5
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    Exam 2: Audit Regulation, Structure of the Profession and Auditors Liability
  5. Question
    Privity Letters Are Issued by Auditors To
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Privity Letters Are Issued by Auditors To

Question 25

Question 25

Multiple Choice

Privity letters are issued by auditors to:


A) limit the auditor's liability to a specified amount.
B) disclaim any liability.
C) establish proximity and foreseeability.
D) None of the given answers are correct.

Correct Answer:

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