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The auditor would have professional indemnity insurance which...

  1. Busy Bean
    731 Posts.
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    25/05/18
    09:30
    Post #: 33302909
    The auditor would have professional indemnity insurance which would cover 'Failure to identify fraud, improper business practices, or Accounting/Auditing standard breaches whilst conducting Audits'.

    Not sure what cover they specifically would have, but most accounting firms would have something in the region of $5-$20m.
    BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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