Accountancy, asked by prasanna13palagani, 4 months ago


auditor is watch dog, not a blood hound in which case judge used this​​

Answers

Answered by jjanagi50
0

Explanation:

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Answered by vijayhalder031
0

Concept introduction:

The auditor's obligation is to act honestly, which means that he or she must use reasonable care and skill before certifying anything that he or she does not believe to be accurate.

Explanation:

Given that, judge said 'auditor is watch dog, not a blood hound'.

We have to find, in which case judge used this​​.

According to the question,

The auditor's obligation is to act honestly, which means that he or she must use reasonable care and skill before certifying anything that he or she does not believe to be accurate. The Kingston Cotton Mills Co. (1896) case's ruling served as the foundation for the original concept of the auditor's responsibility with relation to the identification and prevention of frauds and mistakes.

Final Answer:

In The Kingston Cotton Mills Co. (1896) case judge said  'auditor is watch dog, not a blood hound'.

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