What is the auditor's role in reporting violations of the Corporations Act under the Corporations Act? Who does the auditor have to answer to?

Q: How have provisions of the Sarbanes–Oxley Act limited a public company’s choice of auditors?

A: SOX is the act passed by the government to address the corporate scandals. This act regulates and…

Q: select a corporate scandal of your choice and accordiing to Professional Code of Conduct given by…

A: The answer is stated below:

Q: What are the internal auditors’ responsibilities (name at least two)?  Why did the internal auditors…

A: Given: To explain the internal auditor's responsibilities and not adhere to the responsibilities as,

Q: Describe what an auditor should do if an attorney refuses to give information that is within the…

A: This question explains about the attorney's authority and might have a direct impact on the…

Q: e internal auditors’ responsibiliti

A: Auditor's internal control Responsibilities is an audit of the effectiveness of internal control…

Q: The Sarbanes–Oxley Act of 2002 prohibits public accounting firms from providing which ofthe…

A: Sarbanes-Oxley Act of 2002: The accounting guidelines provided to prevent fraudulent and…

Q: What is the “special function” that auditors perform? Whom does the public accounting profession…

A: Auditing:   It is an independent examination of the financial information of an organization to test…

Q: What is a law, such as the Sarbanes–Oxley Act of 2002, under which auditors have obligations?

A: The Sarbanes–Oxley Act of 2002 is a federal Law that established Sweeping Auditing and finance…

Q: Under the Private Securities Litigation Reform Act (the Act), independent auditors are required to…

A: Private Securities Litigation Reform Act: Private Securities Litigation Reform Act is passed by US…

Q: What is the auditor's role when a client fails to follow the law?

A: This question explains about the auditor's role on a client fails to follow the law.

Q: The Sarbanes-Oxley Act (SOX) mandates which of the following? a. Increased regulations related to…

A: Sarbanes-Oxley Act: This is the act passed by the government for safeguarding investors from…

Q: For what type of actions can clients bring suit against auditors under common law? What must…

A: Given: The clients can bring suit against auditors for breach of contract under common liability…

Q: How have the Sarbanes–Oxley Act's requirements impacted a public company's ability to choose its…

A: This question explains about the Sarbanes–Oxley Act's requirements impacted a public company's…

Q: Why do you think the SEC requires companies to disclose fees paid to independent accountingfirms for…

A:

Q: In what ways does the practice of internal auditing differ from the practice of public accounting?…

A: Internal audit is assessing the risk & fraud and compliance of Accounting standard, Law…

Q: What are some of the similarities and differences between evidence in a legal case and evidence…

A: Financial statements are descriptions of a company's monetary results, financial status, and cash…

Q: What are the auditor’s responsibilities under the Corporations Act to report breaches of the Act?…

A: The Corporation’s Act 2001 is one of the attributes of the commonwealth of Australia. The act…

Q: In comparison to the burden of proof required of plaintiffs in civil lawsuits against independent…

A: In comparison to the burden of proof required of plaintiffs in civil lawsuits against independent…

Q: What additional constraints and obligations do auditors face when offering nonaudit services to…

A: The following is an explanation of what we mean by the Audit: A company's financial accounts are…

Q: How might an accounting firm influence whether non–tax practitioners view a contentious issue with a…

A:

Q: What are the concepts of legal responsibility applicable to the accountant in his audit functions…

A: Legal Responsibility of Auditor: Every day, more and more people are becoming concerned about the…

Q: What organizations and agencies have rules of conduct that you must observe when you practice(a)…

A: A rule of conduct is a set of norms and regulations practiced by an individual, or organizations. It…

Q: Which of the below statements regarding the right of the auditor to attend for the shareholder…

A: The incorrect option is c. Internal Auditor doesn’t have the right to attend the shareholders…

Q: Describe the action that an auditor should take if an attorneyrefuses to provide information that is…

A: In general, Auditor is a person or firm who is appointed by the company to execute or to…

Q: How would an auditor communicate  known there are violations of the law and the auditor's…

A: Audit is the process in which auditor independently examined the financial information of any type…

Q: The following pertains to auditor legal liability standards under the PSLRA:a. The Reform Act…

A:

Q: What other restrictions and requirements apply to auditors whenproviding nonaudit services to public…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: What are the two requirements for the auditor to offer an unqualified opinion on internal financial…

A: Auditor's assessment: The Auditor's certification is added to the financial statements as a…

Q: What role does the auditor play in gaining a knowledge of internal control? What is the difference…

A: Before completing audit processes, the auditor is responsible for knowing the organization's…

Q: Which of the following statements regarding auditors’ liability under the Securities Act of1933 is…

A: Auditors are liable for some liabilities under Securities Act of 1933. The act relates to the…

Q: rights of the auditor

A: The statement a is correct because the auditor has the right to get all the information and…

Q: Do auditors have an obligation to report on (a) audited financial statements and (b) any additional…

A: This question tells abut audited financial statements and additional information required by law

Q: What defenses are available to auditors against suits brought by clients under common law? Against…

A: Under common law, clients can bring suits against the auditors and there are various defenses…

Q: Do the auditors have to report on (a) the audited financial statements and (b) any other information…

A: This question explains about the audited financial statements and any other information that is…

Q: 1. Why must the auditor for a publicly traded company be independent from the company it audits? I

A: An  AUDITOR is considered to be independent when he is physically and mentally not under the…

Q: Define the obligations of auditors in the event that a client fails to comply with applicable laws…

A: Report of the auditor: An auditor's report is a formal document created by an auditor. The auditor…

Q: What consulting or nonaudit services are prohibited for auditors of public companies? What other…

A: Some non audit services are prohibited for the auditors of public companies. These consulting or non…

Q: How do the major provisionsof the Sarbanes–Oxley Actaffect a public company’s auditprocedures?

A: After a prolonged period of corporate scandals (e.g., Enron and Worldcom) in the United States from…

Q: If a corporation may be violating federal and state laws governing environmental concerns, which one…

A:

Q: Which of the following is not a way by which the Sarbanes–Oxley Act attempts to ensure auditor…

A: Definition:   Sarbanes Oxley Act (SOX): SOX is the act passed by the government to address the…

Q: Which one of the following is NOT a duty of the auditor? Duty to report on any violation of law Duty…

A: The duties of an Audi have been laid down by the companies Act , 2013, providedd in section 143.

Q: What kind of actions might customers pursue against auditors under the common law doctrine of…

A: Given: Per common liability law, customers may file a lawsuit against auditors for breach of…

Q: Explain the legal basis for a cause of action against an auditor. What are the defenses available to…

A: Step 1 Auditors should report true and fairly which enhance the reliability of financial statements…

Q: Evaluate the following statement: “The corporate charter and the bylaws of a company are legal…

A: The corporate charter of a company and the bylaws of a company are the legal documents. But, these…

Q: Has the accounting profession created a situation in which auditors’ ethical behavior is impaired by…

A: Legal liability of an auditor is to give a proper audit report to his clients by keeping his ethical…

Q: Which of the following is NOT an auditor's responsibility? Obligation to report any breach of the…

A: Auditor: An auditor is a person or a group of people who is responsible for conducting an audit of…