Legal Liability. Civil Liability. Need to prove: Liability? (auditor at fault) Causation? (failure of audit caused damage) Damages? (amount of loss) Another issue: Privity Have the right to sue? Another issue: Burden of Proof Plaintiff or Defendant?.
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intentional misstatement or concealment of a material fact
flagrant or reckless departure from the standard of due care, or willful and wanton misconduct
an unintentional act, a thoughtless slip or blunder
Need to prove that --