Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
Bundle: Auditing: A Risk Based-Approach, Loose-leaf Version, 11th + MindTap Accounting, 1 term (6 months) Printed Access Card
11th Edition
ISBN: 9781337734493
Author: JOHNSTONE, Karla M; Gramling, Audrey A.; Rittenberg, Larry E.
Publisher: Cengage Learning
Question
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Chapter 4, Problem 6RQSC

a.

To determine

Breach of Contract

A breach of contract is a failure to do what the contract requires. It is an unjustifiable failure by a party who promises to act according to the provision of the agreement.

To explain: The justification given by an auditor for defending a suit under breach of contract.

b.

To determine

Statutory Law

Statutory Law is a written law which passed by the legislature. It is created deliberately by the government through elected legislators and an official legislative.

To explain: The justification given by an auditor for defending a suit under statutory law.

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