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Which of the following statements regarding the auditors responsibility to third parties is correct? ...

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Accounting

Which of the following statements regarding the auditors responsibility to third parties is correct?

a) The auditor has no legal responsibility to third parties.

b) Third parties can sue the auditor under contract for any losses suffered.

c) Third parties can sue the auditor if they were owed a duty of care, suffered a loss, and the auditor was negligent in the conduct of the audit.

d) Third parties can sue, whether or not they suffered a loss, as long as they establish that the auditor owed them a duty of care and the auditor

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