Reference no: EM132384547

Accounting Theory and Concepts Assignment Questions -  

Question No. 1 - Please respond the below statement. 200 words and reference.

Professor Greenfield and classmates,(Susan(

This week we are asked to opine on the PricewaterhouseCoopers LLP vs. MF Global Holdings Ltd lawsuit in terms of legal liability for auditors/audit firms.

Question No. 2 - Please respond the below statement. 200 words and reference

Giving advice in our personal lives to friends and/or family can always be tricky because we never want to be the blame for things going wrong when our advice is taken. This is also the case in the accounting field when auditors give their professional advice on matters related to the company's finances.

Question No. 3 - Please respond the below statement. 100 words and reference.

THIS QUESTION READ VERY CAREFULY.

Professional who are appointed and also defined as an auditor would be closely related to performing his duties. It would be important to use one own skill and also the form of persistence. It would be important to abide by the duties and how one can relate to the matter subjectively. This would closely relate to the several liabilities and a system of the auditor facing the relation and the matter-:

Question for 3rd statement.

1) So if I give a client some advice on how to improve their revenues and reduce expenses and it is wrong, then I should be held liable?

Note - First two questions need 200 words and reference and Third question is 100 words and reference.

Attachment:- Accounting Theory and Concepts Assignment File.rar