(New Zealand) Auditors to trustees had no duty of care to trustees for depositors. Comon law imposed no duty above the statutory duty of an auditor. He had a duty tp report when he actually formed th eopinion that a company was insovent. The test was not when a prudent auditor would have reached this conclusion.
Citations:
Gazette 01-Sep-1993, [1993] 2 All ER 1015
Negligence, Commonwealth
Updated: 15 May 2022; Ref: scu.79893