How can auditors defend themselves against such suits?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Below the defense Defence Description Lack of duty of care Liability is ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing The Art and Science of Assurance Engagements
ISBN: 978-0133405507
13th Canadian edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
Question Posted:
Students also viewed these Auditing questions
-
1. Clearly state three business reasons to justify why these major IT firms formed Rockstar Consortium. 2. Although Rockstar is set up as an organization independent of its founders, what are the...
-
Ellerth worked for 15 months in sales at Burlington. One of her supervisors was Slowik, a mid-level manager with authority to hire, promote, and fire employees, subject to higher approval. Ellerth...
-
Bombardier Inc. is a Canadian manufacturer of aircraft and rail transportation equipment and systems. Exhibit 10.19 contains an excerpt from Note 38 of the companys 2016 annual report detailing...
-
At 100C, what is the maximum solubility of the following: (a) Pb in Sn (b) Sn in Pb
-
Garza and Neely, CPAs, are preparing their service revenue (sales) budget for the coming year (2014). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for...
-
After 7 months, none of 238 angioplasty patients who received a drug-coated stent to keep their arteries open had experienced restenosis (re-blocking of the arteries). (a) Use MINITAB to construct a...
-
In a contract dispute between a US company and a Canadian company, the contract itself referred to provisions of the Uniform Commercial Code. Do these references alone preempt the contract from being...
-
(Conversion of Bonds) On January 1, 2010, when its $30 par value common stock was selling for $80 per share, Bartz Corp. issued $10,000,000 of 8% convertible debentures due in 20 years. The...
-
Discuss the market concentration, competitiveness, and performance of the Australian grocery industry compared to other western countries. Identify the key stakeholders in the food supply chain, and...
-
Sun Valley Rides is a wholesaler of motorcycle supplies. An aging of the companys accounts receivable on December 31, 20Y3, and a historical analysis of the percentage of uncollectible accounts in...
-
Why is duty of care so important for third party lawsuits but not client lawsuits?
-
Explain why some experts argue that the best defense against legal liability is careful client acceptance and continuance processes?
-
List the five basic steps of demand forecasting in supply chain management. Which step is more important?
-
Let \(X\) have a \(\operatorname{beta}(35)\) distribution. (a) Find \(\mathrm{E}[X]\). (b) Find \(\operatorname{Var}[X]\).
-
There are two events \(A\) and \(B . P(A)=5\) and \(P(B)=3\). The events \(A\) and \(B\) are independent. (a) Find \(P(A)\). (b) Find \(P\left(\begin{array}{ll}A & B\end{array} ight)\). (c) Find...
-
Explain why the Carnot cycle overestimates the thermal efficiency achievable from an engine producing power output. Discuss why external irreversibility reduces the effective temperature ratio of an...
-
There are two events \(A\) and \(B . P(A)=4\) and \(P(B)=5\). The events \(A\) and \(B\) are independent. (a) Find \(P(A)\). (b) Find \(P\left(\begin{array}{ll}A \quad B\end{array} ight)\). (c) Find...
-
There are two events \(A\) and \(B . P(A)=7\) and \(P(B)=8 . P\left(\begin{array}{ll}A & B\end{array} ight)=1\). (a) Are \(A\) and \(B\) independent events? Explain why or why not. (b) Find...
-
Assume the same information as BEG-13 except that the discount rate is 12% instead of 10%. In this case, how much can Dempsey expect to receive from the sale of these bonds? BEG-13 Dempsey Railroad...
-
a. What is meant by the term tax haven? b. What are the desired characteristics for a country if it expects to be used as a tax haven? c. What are the advantages leading an MNE to use a tax haven...
-
This problem requires you to access CPA Canada Assurance HandbookCAS 315 Identifying and Assessing Risks of Material Misstatements Through Understanding the Entity and Its Environment. Use this...
-
Your comparison of the gross margin percent for Jones Drugs for the years 2015 through 2018 indicates a significant decline. This is shown by the following information: A discussion with Nandini...
-
You are auditing payroll for the Morehead Technologies company for the year ended October 31, 2018. Included next are amounts from the clients trial balance, along with comparative audited...
-
1. Promotion - What is your main promotional objectives? What is your message? Which media vehicles for communicating that message will you use? How will you evaluate the results of your promotional...
-
What are the advantages and disadvantages of cultural diversity for the MNC and its level of importance?
-
Walsh corporation has 3 shareholders: X,Y, and Z.X and Y are siblings; Z is unrelated to X and Y. Each shareholder has 200 shares with a basis of $50 per share and have held the stock for 5 years....
Study smarter with the SolutionInn App