European Accounting Review 2000‚ 9:3‚ 371 385 Auditor liability rules under imperfect information and costly litigation: the welfare-increasing eŒ of liability ect insurance Ralf Ewert‚ Eberhard Feess and Martin Nell University of Frankfurt‚ Frankfurt am Main ABSTRACT This paper examines auditor liability rules under imperfect information‚ costly litigation and risk-averse auditors. A negligence rule fails in such a setting‚ because in equilibrium auditors will deviate with positive probability from
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objectives with the framework of free-market principles. These objectives are: ·The ECB is completely independent of the institution of the Union and member state governments. ·It has got political independence‚ in which consists of free-market notion that the main danger to financial stability is not the activities of market agents but the workings of elected governments‚ which makes necessary an independent check on public spending. ·The ECB is given the responsibility for avoiding the inflationary finance
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“Independent living services are a viable alternative for youth not quite ready for emancipation. These services include special programs such as counseling and training designed to prepare youth for evidential independence”(Giffords‚ Elissa‚ Christina Alonso
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What causes Macbeth to take the actions he does? We are usually held accountable for the actions that we decide to take. Several times we are influenced to make those decisions which‚ usually are influenced by someone else. The outcomes of these actions might turn out positive or against us and destruct us entirely. Macbeth takes many decisions over the course of the book. Some might define them as good and many might see them as atrocious. The Thane of Glamis(Macbeth) encounters the three witches
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Auditor Independence: An Impossible Dream In recent months there has been much discussion about the independence of CPA auditors; the leadership of the AICPA‚ the Auditing Standards Board‚ the Public Oversight Board‚ the Independence Standards Board‚ and most recently the proposed independence rules promulgated by the SEC have all attempted to clarify and strengthen auditor independence. Several newspaper and magazine articles have also addressed the issue. In my opinion‚ all the efforts to
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Affirmative action is a hotly debated topic in both the employment field and as a factor in the college admissions process. Affirmative action is widely used by most colleges to create diversity among the student population. This is starting to change as public schools and universities in California‚ Washington‚ Michigan‚ Nebraska‚ Arizona‚ Connecticut‚ New Hampshire‚ Oklahoma‚ Florida‚ and Texas have banned affirmative action as a base for admissions (NCSL‚ 2014). The Case against Affirmative
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Affirmative Action: The Bane of Progress Discrimination is something any rational member of society would like to dispel. Discrimination is something that has stunted the growth of the great country of America for a number of years. A policy called affirmative action was introduced to prioritize the inclusion of minorities in a number of aspects. Affirmative action in university admissions started in the late 1960s as an effort to jump-start racial integration. Affirmative action in college
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Intro: In today’s society‚ bullying has become an epidemic that seems to get worse as the years progress. Claim: Bullies should be held accountable for their actions especially if their actions result in the death of their victim‚ whether this is by the hands of the bully or at their own hands. Support: Across the nation‚ our children are being tormented‚ ridiculed and made to feel as if they are inferior to another person. This abuse needs to stop. When a person harasses another individual
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WHY IS AUDITOR INDEPENDENCE SO IMPORTANT? Auditing is the efficient critical examination done by one person or group of people’s independent from the system audited. To do an audit‚ confirmed information must be present and some standards by which the auditor can evaluate the information. Another is gathering and evaluating any information to determine whether the information being audited is identified in accordance with establish criteria to satisfy the purpose of the audit and also auditors must
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“Affirmative action is a very nice term for racial discrimination against better-qualified white people in jobs‚ employment‚ promotions and scholarships‚ and college admittance.” This quote by David Duke (politician) sums up the main argument against affirmative action. Affirmative action gives special consideration to minorities and women when being selected for a college or job. This makes it more likely for these groups of people to be considered than for white males. There are three primary arguments
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