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

What financial report exactly do, What financial report exactly do? Fin...

What financial report exactly do? Financial reports tell its intended readers about all the financial information of the company for the period it is reporting. It also contain

Valuation, (Interest-rate risk) Philadelphia Electric has many bonds tradin...

(Interest-rate risk) Philadelphia Electric has many bonds trading on the New York Stock Exchange. Suppose PhilEl''s bonds have identical coupon rates of 9.125% but that one issue m

Debentures of middle asia, Debentures of Middle Asia Reasons behind Un...

Debentures of Middle Asia Reasons behind Unpopularity of Debentures of middle Asia's Financial Market as: i)Their par price is an extremely high value and as such they are

Stewardship accounting, Stewardship Accounting Shareholders contribute...

Stewardship Accounting Shareholders contribute capital that is provided to the directors that they employ and at the end of each accounting year render an explanation on the a

Net cash flow, Assignment: Mr. Ali wants to start “Rent-A-Car” business. He...

Assignment: Mr. Ali wants to start “Rent-A-Car” business. He wants to start this business with at least 20 cars. He estimates that the required investment for the business is Rs.

Government - measuring business performance, Government - Measuring Busines...

Government - Measuring Business Performance Government The Government is interested particularly in utility companies as KPLC, KPTC and such will offers public services -

Ros - return on sales-profit margin , ROS - Return on Sales (Profit Margin)...

ROS - Return on Sales (Profit Margin) The Average of the industry ROS was 5.18% for 2004, 4.41% for 2005, and 7.20% for 2006. The chart showed that ROS has been declined f

calculate the growth rate, The Mountain Fresh Company had earnings per sha...

The Mountain Fresh Company had earnings per share (EPS) of $6.32 in 2006 and $11.48 in 2011. The company pays out 30 percent of its earnings as dividends per share (DPS), and the

Actions of shareholders in agency conflict, Actions of Shareholders in Agen...

Actions of Shareholders in Agency Conflict a) Disposal of assets required like collateral for the debt in this. In this case the bondholder is exposed to more risk becaus

Compound interest and compound amount.., a debt off Rs1000 with interest at...

a debt off Rs1000 with interest at 10% compounded quarterly will be repaid by payments Rs. 200 at the end of 3 months and three equal payments at the end of 6 9 and 12 months. find

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