Litigation risk – Knowsia

FM – L2 – Q3 – Corporate Social Responsibility

Identify main issues covered by a company's corporate social responsibility policy.

Question

(A). What are the main issues that might be covered by a company’s policy on corporate social responsibility?

(B). What types of company are most likely to face CSR risks?

(C). What is the nature of CSR risk?

Answer

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Tags: Corporate Social Responsibility, Ethical Investing, Litigation risk, Reputation Risk, Risk Management
Level: Level 2

Topic: Economic and regulatory environment

AAA – L3 – Q17 – Professional responsibility and liability

Explain five methods to reduce an audit firm's exposure to litigation claims for negligence.

Question

You are responsible for providing direction to more junior members of the audit department of your firm on technical matters. Several recent recruits have asked for guidance in the area of auditor’s liability. They are keen to understand how an audit firm can reduce its exposure to claims of negligence. They have also heard that in some countries, it is possible to restrict liability by making a liability limitation agreement with an audit client.

Required:

Explain five methods that may be used by an audit firm to reduce exposure to litigation claims.

Answer

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Tags: Auditor Liability, Litigation risk, Negligence claims, Professional standards, Quality management
Level: Level 3

Topic: Professional responsibility and liability

Tag (SQ): Litigation risk

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FM – L2 – Q3 – Corporate Social Responsibility

Identify main issues covered by a company's corporate social responsibility policy.

AAA – L3 – Q17 – Professional responsibility and liability

Explain five methods to reduce an audit firm's exposure to litigation claims for negligence.

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Tag (SQ): Litigation risk

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FM – L2 – Q3 – Corporate Social Responsibility

Identify main issues covered by a company's corporate social responsibility policy.

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AAA – L3 – Q17 – Professional responsibility and liability

Explain five methods to reduce an audit firm's exposure to litigation claims for negligence.

You're reporting an error for "AAA – L3 – Q17 – Professional responsibility and liability"

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