alleryStart learning →An auditor reports fraud in good faith and is accused of breaching confidence. What does s.143(13) say?
AHe is fully liable
BNo duty is contravened
CHe must pay damages
DHe loses his licence
Answer & Solution
Correct answer: B. No duty is contravened
Sub-section (13) protects the report: no duty to which the auditor is subject is contravened by reporting the fraud in good faith.
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