Introduction Accountants’ Liability to the Client and Third-Party A) Breach of Contract B) Ordinary Negligence (Accountant Malpractice) C) Fraud a. Constructive Fraud (Gross Negligence) b. Actual Fraud Accountants’ Liability under Common Law for Third-Party A) The Near-Privity Doctrine B) The Restatement Doctrine C) The Foreseeability Doctrine D) The Balancing-Factors Doctrine Accountants’ Liability under Statutory Law Third-Party A) Securities Act of 1933 B) Securities Exchange Act of 1934
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TOPIC 1 (THIRD PARTY LIABILITY) WORD COUNT 3000 The liability of auditors to third parties has been the subject of much litigation. Litigation claims against accountancy firms have increased dramatically in the last thirty years. Previously‚ such cases were rare and were viewed with great interest. Nowadays‚ whereas still treated with great interest they are becoming all kind of common. The specific area of auditors ’ liability
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Who‚ or what‚ was responsible for the failure of the Third crusade? The third crusade was launched in 1189 due to the catastrophic defeat of Crusader forces at the Battle of the Hattin‚ in 1187‚ and the subsequent loss of Jerusalem. The news of this significant setback was‚ according to the chronicler Ernoul‚ so great that‚ Pope Urban died of grief when he heard the news. As a result‚ the newly elected Pope issued a Papal bull called the “Audita Tremendi” and in turn the three most powerful Christian
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to give an advantage to the perpetrating company or the individual. Corporate fraud schemes go beyond the scope of an employee’s stated position‚ and are marked by their complexity and economic impact on the business‚ other employees and outside parties. Corporate Frauds are becoming very inherent in the present era. A selected range of individuals are illegally benefitting from such corporate frauds at the cost of investor wealth‚ confidence and value and the reputation of the company. Corporate
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Auditing and Assurance – Assignment 1 Ashley Erasmus With reference to Caltex Australia 2012 Annual Report discuss the following: The role and responsibilities of Auditors and Company Board of Directors and the CEO and Senior Management with respect to the Accounting information reported on in the Annual report. The roles and responsibilities of a Board of Directors vary according to the nature of the company. They are usually responsible for determining the strategic direction of the business
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Third-Party Conflict Resolution University of Phoenix MGT 445 Organizational Negotiations Instructor Andrew W. Russo‚ MBA May 5‚ 2009 Third-Party Conflict Resolution Introduction In the negotiation process‚ the use of third-party conflict resolutions often comes into play when parties cannot seem to reach an agreement regarding resolving mutual interests. These types of third-party conflict resolutions are: arbitration‚ collaboration‚ litigation and mediation. For the Seatcor
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Benefits of Third Party Recruitment Kainat Siddiqui (M.Com‚ M.B.A) Asst. Professor KIPM- College of Management GIDA‚ Gorakhpur Abstract A third party recruiter or an employment agency acts as an independent contact between its client companies and the candidates it recruits for a position. These firms or individuals
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and the major parties are neck and neck with each other‚ I would probably not consider voting for the third-party candidate. As Ryan Lizza pointed out‚ it takes a lot for a third-party candidate to even make it to the presidential election. Some of the obstacles they must endure are getting on the ballot in the first place with such harsh burdens placed on them by the other two major parties who do not want third-parties there‚ as well as doing well in polls. If the two major parties are very close
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Mediation in Third Party Intervention Communication and Conflict In cases of conflict where parties are having difficulty communicating or negotiating an outside help or third party can help the parties communicate effectively. Third parties1 act as a facilitator and help each side in analyze the conflict (Burgess‚ Burgess‚ 1998). Third party interventions are available in several forms. Informal third party intervention consists of helping parties with whom relational
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ENFORCEABILITY OF CONTRACT AND BENEFITS OF THIRD PARTY Submitted by- Name : Arnabi Dutta Course: B.A. LL.B Roll No: 1283024 (A) Session: 2012-13 [First Semester] Acknowledgement This project bears on imprint of many peoples. I sincerely thank to Sir Puranjoy Ghosh and Ma ’am Jinia Kundu‚ faculty members of KIIT School of Law‚ KIIT University for providing me an opportunity to do my project work on “ENFORCEABILITY OF CONTRACTS AND BENEFITS OF THIRD PARTY”. Also‚ I wish to avail myself of
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