CHAPTER 2
The International and U.S. Audit Environments
This chapter discusses factors influencing legal liability of auditors in the United States and abroad. This chapter focuses on:
•legislation and law in the United States that could affect the liability of auditors;
•legislation internationally that could affect the liability of auditors;
•liability to third parties, criminal liability under statutory law in the United States and in Europe;
•important differences in legislation that could affect the liability of U.S. auditors working in a European environment.
Introduction
Many parties rely on audited financial statements. The parties include, but are not limited to, stockholders, trade creditors, bankers, customers, employees, state governments, ...
Get International Auditing Standards in the United States now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.