Response to the following questions:
1. Briefly describe the four stages of the auditor dispute process.
2. What is meant by proportionate liability? Contrast this legal doctrine with the doctrine of joint and several liability.
3. For what types of actions are auditors liable to a client under common law? Why would the client prefer to sue the auditor for a tort action rather than for a breach of contract?
If possible, please give examples to better understand your answers.