Legal responsibilities of auditors. Pick five countries. Assume that you are the head of an international commission to determine legal responsibilities of accountants in various countries. Use your university library and the internet to research accounting in these five countries.

Required:

A. List the country, concept of independence and functions generally not allowed.

B. List the ethical standards, enforcement, legal liabilities and responsibility for the detection of fraud.

C. Using the library, LexisNexis or internet find one recent legal case in each country that impacts auditor independence or resulted from fraud. Summarise each case.

D. Write a brief comparing the recent legal case and auditor ethical standards in each country.