Out of Court Settlement – NBC Institute

AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

Question

Auditors’ liabilities may arise under common law and statute. Statutory liability may be civil or criminal. Professional accountants are increasingly guiding against incidences of litigation that may impact negatively on their work.

You are required to:

(a) Outline SIX ways through which accountants may be charged for criminal offenses. (6 Marks)

(b) Explain SIX reasons why auditors are willing to settle legal matters with their clients out of court. (6 Marks)

(c) State THREE disadvantages of an out-of-court settlement. (3 Marks)

(Total: 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor Liability, criminal offenses, legal considerations, Litigation, Out of Court Settlement, Professional Ethics
Level: Level 3

Topic: Auditor’s Legal Liability
Series: MAY 2013

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

Question

Which of the following is NOT a mode of settling disputes out of court?
A. Counselling
B. Conciliation
C. Arbitration
D. Mediation
E. Negotiation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Arbitration, Dispute Resolution, Mediation, Out of Court Settlement
Level: Level 1

Topic: Alternative Dispute Resolution
Series: MAY 2022

AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

Question

You are required to:

(a) Outline SIX ways through which accountants may be charged for criminal offenses. (6 Marks)

(b) Explain SIX reasons why auditors are willing to settle legal matters with their clients out of court. (6 Marks)

(c) State THREE disadvantages of an out-of-court settlement. (3 Marks)

(Total: 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor Liability, criminal offenses, legal considerations, Litigation, Out of Court Settlement, Professional Ethics
Level: Level 3

Topic: Auditor’s Legal Liability
Series: MAY 2013

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

Question

Which of the following is NOT a mode of settling disputes out of court?
A. Counselling
B. Conciliation
C. Arbitration
D. Mediation
E. Negotiation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Arbitration, Dispute Resolution, Mediation, Out of Court Settlement
Level: Level 1

Topic: Alternative Dispute Resolution
Series: MAY 2022

Question Tag: Out of Court Settlement

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AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

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Question Tag: Out of Court Settlement

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AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

You're reporting an error for "AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability"

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

You're reporting an error for "BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution"

AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability

Discuss criminal charges against accountants, reasons auditors prefer out-of-court settlements, and the disadvantages of such settlements.

You're reporting an error for "AAA – Nov 2013 – L3 – SB – Q6 – Auditor’s Legal Liability"

BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution

Identify the option that is not a mode of settling disputes out of court.

You're reporting an error for "BL – May 2022 – L1 – SA – Q20 – Alternative Dispute Resolution"

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