List two advantages and two disadvantages of the introduction of: (a) A cap on auditors liability, and

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List two advantages and two disadvantages of the introduction of:

(a) A ‘cap’ on auditors’ liability, and

(b) Contributory negligence (proportional liability) as a means of limiting auditors’ liability.

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Principles Of External Auditing

ISBN: 9780470974452

4th Edition

Authors: Brenda Porter, Jon Simon, David Hatherly

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Question Posted: Jan 27, 2024 11:01 PM

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List two advantages and two disadvantages of the introduction of: (a) A cap on auditors liability, and

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a A cap on auditors liability Advantages 1 Financial Protection It places a limit on financial exposure protecting auditors and firms from crippling l...View the full answer

Principles Of External Auditing

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