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Unformatted text preview: clients and the duties should be specified in the engagement letter a. client's reasons for suing i. issuing clean opinion w/o following GAAS ii. report not delivered on a timely basis iii. auditor violates confidentiality b. client's typically demands one or more of the following: i. specific performance ii. direct monetary damages iii. incidental or consequential damages that indirectly result from non-performance c. Confidentiality ex: Funds of Funds - > Dilemma...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08