In this discussion you will discuss the influence of potential legal liability on the audit profession. Read

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In this discussion you will discuss the influence of potential legal liability on the audit profession. Read the article "Legal Liability is having a Chilling Effect on the Auditor's Role" from the Regis Library. Do you agree with the author's premise that users of financial statements are shifting the risk of loss to auditors and making the demands on the audit profession more unrealistic? Why or why not?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing Cases An Interactive Learning Approach

ISBN: 9780134421827

7th Edition

Authors: Mark S Beasley, Frank A. Buckless, Steven M. Glover, Douglas F Prawitt

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