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What elements must a plaintiff prove

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Reference no: EM133022865

Question - "Negligence on the part of the auditor could be so willful so as to constitute a conspiracy with management to defraud the company or other parties. The auditors could be brought to court on criminal fraud charges", (Gill, G.S. & Cosserat, G.W.,2000).

Required -

a) What elements must a plaintiff prove to be successful in action against an auditor for negligence?

b) What is the significance of the Caparo case with respect to auditor's liability to a third party?

c) Identify steps that can be taken at the professional and individual level to minimize legal liability against the auditors.

Reference no: EM133022865

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