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

Significance of cost of finance, Significance of Cost of Finance The...

Significance of Cost of Finance The cost of capital is Significance since of its application in the following areas as: i) Long-term investment decisions - In capital b

Significance of investment decisions, Significance of Investment Decisions ...

Significance of Investment Decisions a) Such type of decisions is importance since they will influence the company's size or like fixed assets, retained and sales earnings.

A. michael spence, A. Michael Spence An American economist who was awar...

A. Michael Spence An American economist who was awarded by the Nobel Memorial Prize in Economic Sciences. Spence is a lecturer of management at Stanford University in the Gradu

Market is in equilibrium, You are taking an investment in the common stock ...

You are taking an investment in the common stock of Crisp's Cookware. The stock is expected to pay a dividend of $2.00 a share at the end of the year (D1=2.00). The stock has a bet

Bonferronis approach, We have 10.000 genes and 4.000 of them are annotated ...

We have 10.000 genes and 4.000 of them are annotated for a certain attribute of interest. a. If we have a single set of 10 genes, how many of them should be annotated to be cons

Required barrels of water per day, In the present case, we need to take a d...

In the present case, we need to take a decision about implementing one of the available two options, based on various factors. The available two options are either to complete a se

Strike price and putable bond, Analysis of the bond issue (a) Show that...

Analysis of the bond issue (a) Show that the price of the bond is equal to that of a portfolio which contains i) a long position in an option-free but otherwise identical co

Example of market model, Example of Market Model Illustration: For ...

Example of Market Model Illustration: For the past five (5) years, the MPS and DPS for XYZ Ltd were follows as:   1998 Shs. 1999 Shs.

Calculate the average number , The table below gives data on the average nu...

The table below gives data on the average number of football games attended per year among a population of students at a small college, separately by major. All students are in one

Earning method - bases of valuation, Earning method - Bases of Valuatio...

Earning method - Bases of Valuation The business is valued according to the net stream of income it is expected to create over its lifetime. Determination of maintaina

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