Court (fourth civil senate)2‚ death negligence in reporting in a case where buyer of a properly sued the valuer because of the wrong valuation. Court stated that if third party is under protected effect then there are some general principles on professional third-party liability for negligent misstatements under contract towards third parties. In the first case (1979) The Federal Supreme Court stated that the bank knew that the information which was provided would have been showed to potential
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Greek φιλοσοφία (philosophia)‚ which literally means "love of wisdom. Skepticism is a philosophical attitude that‚ in its most extreme form‚ questions the possibility of obtaining any sort of knowledge. It was first articulated by Pyrrho‚ who believed that everything could be doubted except appearances. Sextus Empiricus (2nd century AD)‚ skepticism’s most prominent advocate‚ describes it as an "ability to place
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Darrell Cosden Introduction to Philosophy PHL260 Section 2 Descartes Skepticism and the Matrix March 21‚ 2012 1197 Words Reality is something that has been debated among philosophers for centuries. Rene Descartes is one of these philosophers who has come up with a unique way of understanding reality. Descartes in Meditations on First Philosophy argues his method of doubt about the idea of skepticism and this is reflected in the Matrix when Neo chooses the red pill over the
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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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Cartesian Skepticism to Existentialism The nature of our reality and existence has been a topic of debate since at least the ancient Greeks. Do we exist? Why do we exist? Does it even matter? These are questions I will attempt to address thoroughly. Answers may not be comfortable or satisfactory‚ but it’s better to rip that band-aid off now than continue blindly in the dark. Rationalism and Empiricism have both attempted to prove existence‚ but at their most extremes they fall apart. Using
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External Auditor in Corporate Governance The external auditor has long played an important role in the corporate governance function. However‚ before we begin our analysis on how the external auditor plays this role and its importance‚ we must first examine the responsibilities and duties of such an auditor. Similarly‚ we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it. 1. Introduction 1.1 The External Auditor External auditors are
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The SEC’s Case against California Micro Devices: A Lesson in Using Professional Skepticism and Obtaining Sufficient Appropriate Evidence This particular case‚ involving the SEC‚ Coopers & Lybrand‚ and California Micro Devices‚ Inc. encompasses charges for neglecting to comply with auditing standards. The Securities and Exchange Commission makes these charges against Michael Marrie‚ audit partner‚ and Brian Berry‚ manager‚ of Coopers & Lybrand. There are three main areas in which the
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THE ROLE OF AUDITORS IN THE CONTEXT OF CORPORATE GOVERNANCE Asst. Prof. Loganathan Krishnan Abstract Auditors examine company’s accounts and report to the company on the accounts. Fundamentally‚ the concern is how auditors carry out these duties effectively. Legislations namely Companies Act 1965‚ Securities Industry Act 1983 which has been consolidated as Capital Market and Services Act 2007 have made major inroads to ensure that auditors carry out their duties and obligations effectively. Additionally
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external auditors to be independent? Relate your answer to the primary role of external auditors? By Zachariah Godfrey-Plews This essay has asked me to look at the importance of external auditors and why it is vital for them to remain independent. I will try and look at the many ways of the advantages of independent auditing from different perspectives for example the company itself‚ the general public and the state. I think it is important to first define what an audit and an external auditor to be
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Compare the responsibilities of internal auditor and external auditor in relation to: I. The design and operations of systems and controls Internal auditor | External auditor | Internal auditing activity is primarily directed at improving internal control. Internal auditors perform audits to evaluate whether the systems and processes are designed and operated effectively as well as providing recommendations for improvement. | External auditors may be called upon to determine if an organization
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