The decision in the Caparo case (1990) reduced the duty of care of auditors to: A. All

Question:

The decision in the Caparo case (1990) reduced the duty of care of auditors to:

A. All users known to the auditor.

B. The shareholders as a group.

C. All users that ought reasonably to have been known to the auditor.

D. All users of the financial statements, except for investors.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Modern Auditing And Assurance Services

ISBN: 9781118615249

6th Edition

Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson

See More Books

Question Posted: May 23, 2024 05:03 AM

See More Questions

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Auditors are the third pair of eyes for people who use financial statements ( Uzuh,2008). The audit provides users of the financial statements...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
On December 20, 2017, the Supreme Court of Canada (the Court) released Deloitte & Touche v Livent Inc., 2017 SCC 63 [Livent], a decision in which the Court refined the framework for analyzing a...
If accounting-based performance measures, such as net income or core earnings, are to be significant components of manager compensation plans, they need to be sensitive and precise measures of...
At the Long-baseline Interferometer Gravitational-wave Observatory (LIGO) facilities in Hanford, Washington, and Livingston, Louisiana, laser beams of wavelength 550.0 nm travel along perpendicular...
What is a null pointer? When do we need to use one?
The random variable x has the discrete probability distribution shown here: LO9 x: -4 -3 -2 -1 0 p(x:) .10 .15 .40 .30 .05 a. Find P1x -12. b. Find P1x 7 -12. c. Find P1x 6 02. d. Find P1x 6 -22. e....
The absolute pressure within a 35.0-liter gas cylinder should not exceed 51.0 atm. Suppose the cylinder contains 50.0 mol of a gas. Use the SRK equation of state to calculate the maximum permissible...
sandhill corp.'s sales slumped badly in 2022. for the first time in its history, it operated at a loss. the companys income statment showed the following results from selling 560,500 units of...
Litigation against auditors under the Competition and Consumer Act 2010: A. Does not require the negligence factors of foreseeability and proximity. B. Under section 52 requires professional service...
The term privity of contract refers to: A. The contractual relationship that exists between two or more contracting parties. B. The fact that an audit is to be performed in accordance with...
Find the indicated derivatives in Problems 3436. d dx -logs (x - x)
Skinovations needs to put together a Production schedule for next week and has asked its marketing team to give its forecasts for next week's sales. The team has used two different forecasting...
If a potential leader viewed her least preferred co-worker in favorable terms, how would Fiedler's Model describes this leader?
You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company s financial statements,...
For our first discussion you should locate a research article in which a quantitative study is reported. This article should not be a theoretical article or a methods article, but should describe...
A box is separated by a partition which divides its volume in the ration of 3:1. the larger portion of the box contains 1000 molecules of Ne gas; the smalled portion contains 100 molecules of He gas....
Identify the two methods of evaluating the performance materiality of uncorrected misstatements. What are the requirements of Staff Accounting Bulletin No. 108 for evaluating the performance...
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
question 1- You borrow a simple loan of SR 500,000, interest rate is 20%, it matures in one year. what's the yied to maturity? question 2- calculate_i for One-Year Discount Bond with price(p) =...
Taste of Muscat is a reputed chain of restaurants operating in Oman. Assume You are working as a management accountant for this restaurant chain which is specialized in all types of Arabic food. Your...
Industry Current Year Minus 1 Current Year Minus 2 Company: Air Products and Chemicals, Inc. (APD) Stock Price: 306.72 USD Shares Outstanding: 220.89 M Financial Ratios Most Current Year Current...

The decision in the Caparo case (1990) reduced the duty of care of auditors to: A. All

Question:

Step by Step Answer:

Modern Auditing And Assurance Services

Students also viewed these Business questions