The growing risks of general practice
Article Abstract:
Legal developments that have contributed to the increased liability of auditors are discussed. Auditors have traditionally been considered responsible merely to assess whether accounts showed 'a true and fair view' of a company's position. The growing complexity of British commercial law has gradually increased the risk of auditors who venture beyond their field of specialization, and has virtually eliminated the role of the sole, general practitioner, except for auditors whose client accounts are very small and simple.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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We want to believe
Article Abstract:
Auditors are asking the question, whether the rapid decline and frequent failure of dot.com companies and e-commerce enterprises might have been prevented if they had provided more guidance. Many of these organizations spent more time and money on marketing and building their businesses than on meeting their financial responsibilities, but they were ground-breakers in a new market with few benchmarks that auditors could use as guidelines.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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