What likely to trigger a lawsuit against an audit firm


Question: Which of the following is most likely to trigger a lawsuit against an audit firm? Group of answer choices Audit firm's bankruptcy Audit client's restatement of financial statements Receipt of a playoff football game ticket by an audit partner as a gift Deficiencies identified by the PCAOB in its inspection report for the audit firm

 

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Accounting Basics: What likely to trigger a lawsuit against an audit firm
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