Module C Auditors Legal Liability

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Module CAuditors Legal Liability
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Auditors Legal Liability

• Environment
• Auditors Liability to
• Clients
• Primary Beneficiaries
• Other third Parties
• Common Law
• Privity Approach
• Foreseen Class Approach
• Foreseeability Approach
• Statutory Law
• Securities Act of 1933
• Securities Exchange Act of 1934

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• Significant Cases
• Ultramares v. Touche Ross
• Rusch Factors v. Levin
• Rosenblum v. Adler
• McKesson Robbins
• RICO
• Foreign Corrupt Practices Act