Which of these is not a characteristic of the current Australian legal environment for auditors?
A) there is a growing concern that auditors are sued following business failure due to their requirement to have professional indemnity insurance.
B) audit firms are not allowed to register as companies
C) recent corporate and accounting failures have contributed to a 'hard insurance market'.
D) the emerging trend of multi-disciplinary practices raises important issues for debate about auditor liability and conflict of interest situations.
Correct Answer:
Verified
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Q12: In respect of the provision of auditing
Q13: The law regarding the liability by auditors
Q15: Which of the following cases did not
Q16: The term 'privity of contract' refers to:
A)
Q17: The more exacting auditor responsibility showing the
Q18: Which of these precautions taken by auditors
Q19: Which case does not appear to support
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