Solutions - relationship between auditors and shareholders, Finance Basics

Assignment Help:

Solutions to the conflict - Relationship between Auditors and Shareholders

1. Firing

The auditors may be detached from office at the AGM via the shareholders.

2. Legal action

Shareholders be capable to institute legal proceedings against the auditors who question misleading reports leading to investment losses.

3. Disciplinary Action - ICPAK

Professional bodies have disciplinary methods and measures against their members who such are comprised in un-ethical practices. Hence disciplinary actions may comprise of:

  1. The auditor' Suspension
  2. Withdrawal of active certificate
  3. Penalties and Fines
  4. Reprimand

4. Employ of audit committees and audit reviews.


Related Discussions:- Solutions - relationship between auditors and shareholders

Assignment , what are the difference between receipt and payment account an...

what are the difference between receipt and payment account and income and expenditure account ?.

Acceptance rule of accounting rate of return or arr, Acceptance Rule of Acc...

Acceptance Rule of Accounting Rate of Return or ARR ARR procedure will accept those projects whose ARR is higher rather than that set with management or with bank rate and it

Buying shares of a company, Buying Shares of a Company Factors should ...

Buying Shares of a Company Factors should be refer when Buying Shares of a Company 1. Economic situation of the country and other non-economic factors as like unfavorable c

P/E ratio, How are earnings calculated for the Pe ratio?

How are earnings calculated for the Pe ratio?

What are potential solutions, Internal finance can avoid the agency costs o...

Internal finance can avoid the agency costs of debt and equity finance. In practice it is the most important source of funding. (a) Discuss potential problems of internal financ

Explain performance budgeting and zero base budgeting, Write short notes on...

Write short notes on the following: a) Performance budgeting b) Zero base budgeting c) Factors affecting dividend decisions d) Accrual concept

Operations Management, You need cash and FAST! You jump out of your car at...

You need cash and FAST! You jump out of your car at a location known to have one ATM, but a history of a line. Usually you can expect to wait 200 seconds from the time you arrive

Financial markets, term paper about financial markets in pakistan

term paper about financial markets in pakistan

Debtors collection period - formula, Debtors Collection Period - Formula ...

Debtors Collection Period - Formula Fomula is given below: Debtors collection period = 365/ Debtors turnover Or (365 x Average debtors)/ Annual credit sales This

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd