The Defendant-Auditors in the Anjoorian Case Argued, in Their Defense

question 48

Multiple Choice

The defendant-auditors in the Anjoorian case argued, in their defense, that:

• A)To be found guilty to third parties, the court must find that an accountant had contemplated a specific transaction for which the financial statement will be used and that no such transaction was contemplated.
• B)They had no liability to third party shareholders.
• C)The plaintiff's theory of damages is speculative and against public policy.
• D)All of the above.