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What is the purpose of having a two-tier system

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Reference no: EM132162678

Question: Please answer the following questions in one page:

1. Is there a conceptual difference between an error and negligence from a reasonable care perspective? Give examples of each in your response.

2. Do you think that the provision of nonaudit services for a client with a failed audit is evidence of negligence? Explain.

3. What is the purpose of having a two-tier system of boards of directors in countries such as Germany? How does the dual-board approach ameliorate the potential conflicts in the principal-agent relationship between investor and manager?

Reference no: EM132162678

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