Memo 2, Auditing

Assignment Help:
Mr. Howe, a Junior Partner of the CPA firm Dewey,
Cheatem, & Howe (DCH), after noting that there is a proposal to limit Auditor liability is very excited and has announced that the DCH Audit firm will soon be able to take on much, much riskier audits with little risk of DCH going bankrupt or losing the right to audit.

Required: Mr. Tu Dewie has asked you to evaluate Mr. Howe''s assertions (use the lectures, tutorials, and the internet (i.e. http://www.clmr.unsw.edu.au/article/compliance/internal-risk-management/institute-chartered-accountants-stripped-liability-cap). In writing your memo, please remember that while Mr. Dewie is the senior partner of DCH, Mr. Howe (as a junior partner) can hurt you if you are not polite and considerate.

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