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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the general idea that if they go to college they will make more money than an average person that did not go to college. If so‚ why does not everyone go to college then? They do not because college has its pro and cons. They pros are they you will be able to make new friends‚ become independent‚ and possibly make more money in the future if had not go to college. This all sounds good‚ but college sadly does have its downfalls‚ such as extreme stress‚ debt‚ and definitely not guaranteed an increased
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PROS AND CONS OF TECHNOLOGY Pros and Cons of Technology (abstract): Pros mean advantage and cons means disadvantage. Any coin have two side same way technology have some advantages and some disadvantages. The pros and cons of technology are numerous. By technology we can use more things like internet‚ computer‚ telephone etc. According to me technology has more advantage than disadvantage. Technology: The systematic application of scientific knowledge to a recent product
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Pros and Cons of Euthanasia Is mercy killing humane? Do we have the right to assess whether a life is worth living? Should euthanasia be practiced only in the terminally ill people or for the debilitated and mentally ill too? In this write up‚ we get into the heart of the matter by looking at the pros and cons of euthanasia. The word euthanasia is derived from the Greek language where ’eu means good’ and ’thanasia means death’. Euthanasia also known as mercy killing. It is a way of painlessly terminating
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The Palestinian-Israeli Conflict: Why Palestine should be granted nationhood Omar Azraq World History Mr. Nicolai May 13th‚ 2013 Palestine‚ or is it Israel? Either way‚ it is a highly contested land between two major Semitic groups: the Arabs‚ and the Hebrews. From the late 19th century‚ and throughout the 20th century it has been the focal point of Arab nationalism and Jewish Zionism. Today‚ it has become the Jewish state of Israel with occupied Palestinian Territories called the
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2010 Justice & Legal Theory Utilitarianism: Pros and Cons Random House Dictionary defines utilitarianism as “the ethical doctrine that virtue is based on utility‚ and that conduct should be directed toward promoting the greatest happiness of the greatest number of persons. The father of utilitarianism‚ Jeremy Bentham believed that all human beings are motivated by minimizing pain and maximizing pleasure; therefore morality and justice should be determined on those same grounds. Utilitarianism
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‘Whether we like it or not we have got it‚ and we are likely to go on having it.’ Thus Mr. Taplin in a book which has just been published entitled Advertising: a new approach. Mr. Taplin was formerly the editor of one of our distinguished and irreverent contemporaries: now he bears the striking title of Research Fellow in Advertising and Promotional Activity at the London School of Economics. Whether or not his approach is new‚ his poet is unique: and his attitude to his subject is‚ on the whole
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various advantages‚ nevertheless the modifications need to reflect the best interests of this country and fix the economic downsides it has already caused. Implemented in 1994 by former president George W. Bush‚ the main idea of NAFTA was that a company in the states could do business with a firm in Canada as easily and efficiently as it did with a firm in America. This idea still
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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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SUMMARY OF THE INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF NIGERIAN ENAMELWARE PLC. NAME OF THE COMPANY: Nigerian Enamelware Plc. NAME OF THE AUDITORS: Akintola Williams Deloitte‚ Charted Accountant‚ Lagos Nigeria. SOURCE OF INFORMATION: Annual Report & Accounts 2012. SCOPE: The financial statement audited by the auditors include; the balance sheet‚ profit and loss account‚ statement of cash flow‚ value added statement‚ financial summary‚ significant accounting policies and other notes
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