Should Auditors Be Held Legally Liable for a Fraud at a Client

question 13

Essay

Should auditors be held legally liable for a fraud at a client even though top management intentionally withheld information from the auditors and even deceived them?

---

Definitions:

Hypothyroidism

A condition caused by a marked deficiency of thyroid secretion.

Thyrotropin

A hormone, also known as thyroid-stimulating hormone (TSH), that regulates the production of thyroid hormones.

Orbital Decompression

A surgical procedure aimed at relieving pressure within the eye socket, often used to treat conditions like Graves' disease.

Insulin Resistance

A condition in which cells in the body respond poorly to insulin, leading to elevated blood sugar levels.