Question

Auditor is a watch dog not a blood hound . Explain with relevent case study

Answer 1

A legal judgement that ruled in favour of a company's auditors, that they are meant to carry out the role of "watchdogs", rather than "bloodhounds", and thus cannot be liable for any wrongdoings which they had no reason to suspect were taking place. This is an important legal precedent which is still relevant today in the United Kingdom and other Commonwealth countries.