1. What administrative sanctions can the SEC bring against auditors in the US?
2. Discuss the effect of lawsuits on the auditor’s reputation.
3. Search for information concerning the monetary size of lawsuits against auditors in your own country in recent years. How does this compare to those in other big capital markets, for example in the UK and the US?
4. It has been argued that several economic, financial and judicial factors have served to increase the number of lawsuits against auditors in recent years. Identify the factors and the reasons for such factors.