Contract law is the basis for the legal liability at common law of an auditor to his/her client. From which of the following may the auditor's liability arise?
Answer
a. Ordinary negligence, gross negligence, or fraudulent actions by the auditor.
b. Only gross negligence or fraudulent actions by the auditor.
c. Neither negligence nor fraudulent actions by the auditor.
d. Only fraudulent actions by the auditor.