1. Topic 4Auditor’sLegal LiabilityPowerpointsrevised by Professor Barry J. Cooper, Deakin University – full version based on Chapter 3 September 2009 2. 2The legal environmentLitigation…
Slide 1 Problems and Warning Signs 19902000 During the economic boom of the late 1990s and the early 2000s, accounting firms aggressively sought opportunities to market a…
Slide 1 1 CHAPTER 3 (Continued) Slide 2 2 litigation explosion! - in 1991, the “Big 6” accounting firms incurred costs of $477 million in defense and settlement of lawsuits…