Shortly after the House of Lords ruling, the chief executive of Caparo Industries was quoted in the
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Shortly after the House of Lords ruling, the chief executive of Caparo Industries was quoted in the press as saying that investors should be warned not to rely on audited accounts. ‘One way would be for them to carry a “health warning” saying the auditor does not accept responsibility for the accounts’. Discuss this statement. Do you believe that it is fair?
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The statement made by the chief executive of Caparo Industries raises important questions about the reliability and accountability of audited financia...View the full answer
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Gauri Hendre
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