search query: @indexterm Auditing standards / total: 143
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| Author: | Schwartz, R. |
| Title: | Authors' liability, vague due care, and auditing standards |
| Journal: | Review of Quantitative Finance and Accounting
1998 : SEP, VOL. 11:2, p. 183-208 |
| Index terms: | ACCOUNTING FINANCE AUDITING STANDARDS |
| Language: | eng |
| Abstract: | This paper expands the set of previously considered liability rules to include a negligence liability rule with a vague specification of due care. Auditors who are negligent in conducting their audit are liable for losses that result from reliance on misstated financial statements. However, what constitutes negligence for auditors is not clearly specified in the law. This paper explores the link between professional standards and auditors' legal liability. |
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