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Do auditors/accountants have a duty of care to the individual shareholders of a company (who may rely on the statements to increase shareholdings etc.)?
Absolutely NO, NO, NO
Life as an auditor would be intolerable and very expensive (in terms of lost law suits)
Don’t forget that when you buy shares, someone else is selling them
So it’s a two edged sword … you’re caught both coming and going
No, please instantly get that idea out of your head and lock it away with your Jumanji game
OK?
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