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Author Question: The most significant audit issue that came as a result of the court decision in theEscott et al. v. ... (Read 79 times)

cyc028

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on: Aug 21, 2022
The most significant audit issue that came as a result of the court decision in the Escott et al. v. BarChris Construction Corporation case in 1968 was
◦ the court's reaffirmation that the burden of proof was on the plaintiff to prove the auditor was negligent.
◦ the affirmation of an increase in the auditor's responsibility when performing a review of events subsequent to the balance sheet date (S-1 review) for registration statements.
◦ the increased auditor responsibility when associated with unaudited financial statements.
◦ the court's refusal to allow the percentage-of-completion method of accounting for revenues.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by cyc028 on Aug 21, 2022

athenaheim

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cyc028

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Reply 2 on: Aug 21, 2022
Wow, this really help

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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