MCQ-05277An accounting firm was hired by a company to perform an audit. The accounting firm knew that the company needed the audit report in order to obtain a loan from a bank.The bank lent $500,000 to the company based on the auditor's report. Fifteen months later, the company declared bankruptcy and was unable to repay the loan. The bank discovered that the accounting firm failed to discover a material overstatement of assets of the company. Which of the following statements is correct regarding a suit by the bank against the accounting firm? The bank:
A、Cannot sue the accounting firm because of the statute of limitations.
B、Can sue the accounting firm for the loss of the loan because of negligence.
C、Cannot sue the accounting firm because there was no privity of contact.
D、Can sue the accounting firm for the loss of the loan because of the rule of privilege.
发布时间：2025-07-30 04:16:33
