1)List and explain the General Standards.
1)List and explain the General Standards.
2)What are the Auditor’s Liabilities under Common Law and Contract Law.
3)
What are the Auditor’s Liabilities under Statutory Law (SEC Acts and Other Acts of Congress).
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Securities Act 1933:
Securities & Exchange Act 1934:
Foreign Corrupt Practices Act (1977):
Private Securities Litigation Reform Act (1995/1998):
Sarbanes-Oxley Act (2002):
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Auditor is the term referred to the person who is permitted to analyse and prove the accuracy of financial records and to make sure that the companies obey all the tax reforms while preparing those financial statements.
General standards are one of the categories of GAAS (General Accepting Auditing Standards) , which address the qualifications required to become an auditor as well as minimum standards for the output.
Note: Answering the first question as the exact one was not not specified. Please submit a new question specifying the one you'd like to answered.
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