Discuss what it means for a plaintiff to have privity

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Liability of auditors has evolved over the past 80 years through many changes in legislation brought on by the cycle of fraud over the years and by many court cases that broadened the scope of auditor liability.

Question 1: Discuss what it means for a plaintiff to have privity. Give an example of a plaintiff with privity. What must a plaintiff who has privity demonstrate to be successful in a law suit against an auditor.

Reference no: EM132464008

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