Ask Question
BusinessBusiness
23 April, 03:09

What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size of awards to plaintiffs?

+3
Answers (1)
  1. 23 April, 03:28
    0
    Answer and Explanation:

    There are several reasons why the number of lawsuits against auditors and the size of awards to plaintiffs has increased. Mainly, Certified Public Accountant (CPA) firms are most likely to solve legal issues with companies in front of inaccuracies in audits without a judicial process to avoid the fees, possible penalties they will have to take charge if found at fault. Thus, more lawsuits are created under that situation because those practices are not considered legal even if the plaintiff decides to come up to a resolution that way. This is because firms could still be operating unethically unless the law enforces laws in their operations.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size of awards ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Suppose Joe is maximizing total utility within his budget constraint. If the price of the last pair of jeans purchased is $25 and it yields 100 units of extra satisfaction and the price of the last shirt purchased is $20, then, using the rule of
Answers (1)
Participative leadership is effective with subordinates who have a strong need to control (internal locus of control).
Answers (1)
Why are gains and losses from asset sales removed from net income when calculating the cash flows from operating activities?
Answers (1)
Diaz Company owns a machine that cost $125,200 and has accumulated depreciation of $93,100. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.
Answers (1)
What is the slogan for Depends adult diapers
Answers (1)
New Questions in Business
Randolf, a wealthy connoisseur of arts, was invited to an art exhibition. He became very interested in one of the showcased paintings and approached the manager to buy the piece.
Answers (2)
To cut costs, a broker-dealer hires some college interns. The firm allows the interns to make calls to potential clients to market investment opportunities in stocks, bonds, and mutual funds. This action would be:
Answers (1)
Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units.
Answers (1)
A table that shows annual compound rates of growth between selected periods of time. a. quality of life c. growth triangle b. real GDP d. standard of living
Answers (1)
In a perpetual inventory system: a. Merchandise Inventory is debited every time inventory is purchased b. cost of Goods Sold is debited every time inventory is sold c. a physical inventory is taken at least annually d. All of the above.
Answers (1)
Home » Business » What are some major factors that have contributed to the recent increase in the number of lawsuits against auditors and the size of awards to plaintiffs?
Sign Up Forgot Password?