List two advantages and two disadvantages of the introduction of: (a) A cap on auditors liability, and
Question:
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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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
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Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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