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Essay

Duty of Care

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Tiffany G

 

Date added:

June 20, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1478

 

Was viewed:

9069 times

 

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Essay content:

Considering that the advice was given as part of an audit for the end of the financial year, and an unqualified audit was issued, there can be no doubt that: the audit was performed in a professional setting, and Peter Leigh & Associates could reasonably foresee the risks in performing the audit negligently...
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Leigh and Associates did not follow Auditing standards , as the files received by them were never looked at, much less was any effort made to obtain “reasonable assurance.” Using the Act alone, however, is not sufficient to establish a duty of care and simply serves as a good starting point. It is important to note when examining the case, that Ms Baldwin is not a direct user of Peter Leigh & Associate’s judgment...
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