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The Key Difficulty for Third Parties in Legal Action Against

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Essay

The key difficulty for third parties in legal action against auditors has been establishing that a duty of care was owed to them by their auditor.Explain the development of the relevant legal principles relating to an auditor's duty of care to third parties with reference to specific case law.


Definitions:

Self-Employed

A status where an individual works for themselves, rather than an employer, and is responsible for their own business.

Social Media Space

Refers to the digital environment where users engage, share, and interact with content on platforms like Facebook, Twitter, and Instagram.

Side Hustle

Any type of employment undertaken in addition to one's full-time job, typically freelance or piecework, to supplement income.

Skills

The abilities, know-how, and expertise that individuals acquire through learning and experience.

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