If an auditor breaks a contractual obligation, such as failing to complete an audit within the time frame specified in the engagement letter, what kind of liability does the auditor face?
A. criminal liability
B. civil liability
C. professional sanctions
D. none of the above
Answer:B
If an auditor breaks a contractual obligation, such as failing to complete an audit within the time frame specified in the engagement letter, what kind of liability does the auditor face?
A. criminal liability B. civil liability C. professional sanctions D. none of the above