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August 29, 2014

Homework Help: Auditing

Posted by Horatio on Sunday, October 24, 2010 at 1:25pm.

Would a public accounting firm be held liable to a third party (creditor) who extended money because on reliance of erroneous financial statements?

The specific example features a junior member of the accounting firm intentionally misrepresenting the accounts of the auditee.

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