Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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Chapter 4, Problem 4CYBK
To determine

Audit firm litigation: 

An audit firm may face litigations for its failure in an audit engagement. Most of the audit litigations occur at the time of failure of business or detection of company frauds by the third party. 

To choose: The correct option. 

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