Guide to Auditor Legal Liability

1 Credits: Auditing


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Guide to Auditor Legal Liability

Course Level
CPE Credits

1 Credits: Auditing

Course Description

Auditors are routinely named in suits by disgruntled clients or third parties. Given the costs involved in defending against lawsuits, the auditor needs to be aware of the applicable legal liabilities and how to mount a robust defense. In the Guide to Auditor Legal Liability course, we examine the sources of legal liability for the auditor, the arguments that plaintiffs will rely upon when bringing suit, and how to defend against them. We also address a number of risk mitigation tactics that may reduce the risk of being targeted by lawsuits.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the different types of fraud that can be applied to the actions of an auditor.
  • Specify the different interpretations of auditor liability.
  • Recognize the nature of and liabilities imposed by the different federal securities laws.
  • Specify how to use due professional care as a defense.
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Course Specifics

Course ID
Revision Date
May 1, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …