- 1 Marks
Question
A technology that takes away the problems associated with managing Information Technology Systems and can help automate document-based processes, so that customers can focus on growing and knowing their businesses, is known as:
- A. Hosted services
- B. Bureau services
- C. Amazon services
- D. Desktop services
- E. Office assistance services
Answer
C
Explanation: The answer is C. Candler v Crane Xmas (1951). In this case, the court’s decision was controversial because it limited auditors’ liability to third parties, which was later reconsidered in subsequent cases like Hedley Byrne v Heller. The court in Candler v Crane Xmas held that auditors did not owe a duty of care to third parties, which has been widely debated and influenced later decisions in the area of professional liability.
- Tags: Auditor's Liability, Court Cases, Legal Decisions, Professional Responsibility
- Level: Level 3
- Topic: Auditor’s Legal Liability
- Series: NOV 2011
- Uploader: Dotse