Book chapter
Research on litigation against auditors
The Routledge Companion to Auditing, pp.76-88
Routledge
2015
Abstract
Auditors attest to whether a firm’s financial statements fairly present its financial position, results of operations, and cash flows in accordance with generally accepted accounting principles. In the United States, auditors’ liability to third parties generally arises when they provide an unqualified audit opinion on financial statements that are subsequently alleged to have been misstated due to negligence or fraud. For our discussion, we generally confine our focus to auditor liability under US law because most prior research on auditor liability has focused on the US legal system.
Details
- Title: Subtitle
- Research on litigation against auditors
- Creators
- Dain Donelson - University of Iowa, AccountingKathryn Kadous - Emory UniversityJohn M. McInnis - The University of Texas at Austin
- Contributors
- David Hay (Editor)W. Robert Knechel (Editor)Marleen Willekens (Editor)
- Resource Type
- Book chapter
- Publication Details
- The Routledge Companion to Auditing, pp.76-88
- Publisher
- Routledge
- Language
- English
- Date published
- 2015
- Academic Unit
- Law Faculty; Accounting
- Record Identifier
- 9984380414702771
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