Why Would the Courts Want to Limit the Ability of Third

question 15

Essay

Why would the courts want to limit the ability of third parties to sue auditors who have been negligent? Are there any arguments that this liability should not be limited?

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Definitions:

Phases

Distinct stages in a process of change or development, often marked by particular features or phenomena.

Psychological Components

Elements or aspects of an individual’s mental processes and functions, encompassing attitudes, emotions, cognition, and behavioral patterns.

Cognitive

Related to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Physiological

Pertains to the functions and activities of living organisms and their parts, including all physical and chemical processes.