Auditing Cases 6th Edition by Mark Beasley,Frank Buckless,Steven Glover,Douglas Prawitt

Exercise 3

Assuming you were an equity investor, would you pursue legal action against the auditor Assuming the answer is yes, under what law(s) would you bring suit and what would be the basis of your claim (b) Define negligence as it is used in legal cases involving independent auditors. (c) What is the primary difference between negligence and fraud; between fraud and recklessness