Business, 17.02.2020 22:45, pandamarz

See the "Fred Stern & Company, Inc." case for this question. Observers of the accounting profession suggest that many courts attempt to "socialize" investment losses by extending auditors' liability to third-party financial statement users. Discuss the benefits and costs of such a policy to public accounting firms, audit clients, and third-party financial statement users, such as investors and creditors. In your view, should the courts have the authority to socialize investment losses? If not, who should determine how investment losses are distributed in our society?

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See the "Fred Stern & Company, Inc." case for this question. Observers of the accounting profess...