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Match the case with the ruling: Cases: Rulings: Caparo Industries Pty Ltd v. Dickman Duty of Care owed to third parties in the absence of a contract where the plaintiff has suffered physical injury Kingston Cotton Mill Co. The standards for an auditor's level of skill and care are more exacting today than in 1896 Segenhoe Ltd v. Akins & Ors Third party liability for auditors under the tort of negligence AWA Ltd v. Daniels An auditor's duty of care is owed to shareholders as a group, not to individual shareholders Donoghue v. Stevenson An auditor is a watchdog, but not a bloodhound Twomax Ltd v. Dickson, McFarlane & Robinson Contributory negligence Pacific Acceptance Corporation Ltd v. Forsyth Auditors are liable for any dividends paid out of capital due to auditor negligence.
AFR Company's internal audit function recently completed an audit of the Company's various employee benefit plans. The internal auditors' working papers contain the following audit observation
Given the increased emphasis on corporate fraud, should auditors be required to look aggressively for fraud factors like collusion, circumvention and management override? Why or why not?
What could Nike's Corporate Responsibility team do to improve Nike's public image. Why did Nike's attempt to address it critics prove unsuccessful?
Read the following scenario and identify any threats to compliance with the IFAC Code. ABC firm is the auditor of Company Ltd and has been for 10 years.
In detail, Describe the three major activities the statement of cash flows reports. Cite examples of cash flows for each activity.
Control systems in nonprofit organizations will never be as highly developed as in profit-seeking organizations. Do you agree? Explain.
What are the two types of subsequent events in terms of their effects on the financial statements? Give an example of each type of subsequent events? List the type of procedures performed during a subsequent events review.
During the audit of a regulated company you find that in three instances there were events that occurred that required the company to notify the regulatory agency of their occurrence.
Evaluate each of the following questions independently and provide support for your assessment on the effectiveness of the control based on testing performed.
question beststeel ltd has been the biggest metal pressing machine manufacturer in australia since 2005 when it
Lowe Inc.'s bank statement from Western Bank at August 31, 2010, gives the following information. Determine deposits in transit. (Assume the July 31 deposit in transit cleared the bank in August). b) Determine outstanding checks. (You are calculating..
You're the auditor for Busy Butterfly Corporation, whose management asserts that its internal controls are effective. While performing your audit of Busy Butterfly Corporation
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