LegalLiability(英文版)(40页).pptVIP

Legal Liability Chapter 5 $2 Billion paid in SL Lawsuits Ernst Young 1992 $400 million Deloitte Touche 1994 $312 million KPMG 1994 $187 million Arthur Andersen 1993 $82 million Lawsuits Against Auditors Expectation gap on detection of fraud Auditor sued in civil court Breach of contract Tort actions for negligence Criminal Charges Changed Legal Environment Business Failure, AuditFailure, and Audit Risk Business Failure, AuditFailure, and Audit Risk Business Failure, AuditFailure, and Audit Risk Business Failure, AuditFailure, and Audit Risk Legal ConceptsAffecting Liability Maj