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I read a tort case : ADT LTD v BDO , where the BDO partner was asked to meet ith potential investors which led to some liability to BDO.
Before thinking about liability there is an advocacy threat there right. We are studying they shouldnt promote clients like that so is there any other grounds where its okay for auditors to meet with investors.
This was a meeting about a potential take over
The victim entity was audited by BDO and Martin Bishop, the audit partner, was asked to attend the meeting to pass comment on any matters financial that may be raised by the vulture entity (ADT)
This wasn’t BDO standing in front of an invited audience touting for funding for their client
‘so is there any other grounds where its okay for auditors to meet with investors’ – not that I’m aware of (if you exclude the annual general meeting and other general meetings of the members of the entity)
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