Distinguish between fraud and constructive fraud, Auditing

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Distinguish between fraud and constructive fraud

Response to the following questions:

1. Discuss why many CPA firms have willingly settled lawsuits out of court. What are the implications to the profession?

2. A common type of lawsuit against CPAs is for the failure to detect a fraud. State the auditor's responsibility for such discovery. Give authoritative support for your answer.

3. Distinguish between "fraud" and "constructive fraud."

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Auditing: Distinguish between fraud and constructive fraud

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Auditing: Distinguish between fraud and constructive fraud

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