Legal Responsibilities of Auditors. Look at Illustrations 3.1 and 3.4. Pick five countries.

Assume that you are the head of an international commission to determine legal responsibilities of accountants in various 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, Lexis, Nexis or the Internet, find one recent legal case in each country that impacts auditor independence or resulted from fraud. Summarize each case.

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