Accounting Discussion Post
• Explain the legal basis for a cause of action against an auditor. What are the defenses available to the auditor to rebut such charges.
• What are the legal requirements for a third party to sue an auditor under Section 10 and Rule 10b-5 of the Securities Exchange Act of 1934?
• How do these requirements relate to the Hochfelder case?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.