Explore BrainMass

Explore BrainMass

    responsibility of auditors

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    "Accounting firms should be liable to pay stockholders if they give a company a clean audit and it goes bankrupt within a year".

    Write a response disagreeing with the above statement

    © BrainMass Inc. brainmass.com May 24, 2023, 1:32 pm ad1c9bdddf

    Solution Preview

    This statement is completely false. Perhaps, at the time when the accounting form audited company X, Company X was in good health. An audit is a snapshot in time - it reflects the ...

    Solution Summary

    The responsibility of auditors is noted.