Judgement in the Singapore standards on auditing.
Kwa, Wee Keng.
Date of Issue2000
College of Business (Nanyang Business School)
Courts of law have treated compliance with accepted accounting principles, as embodied in professional accounting standards, as prima facie evidence that financial statements are true and fair. Similarly, accepted auditing practices, as embodied in professional auditing standards, are important in determining professional negligence claims against auditors.
Nanyang Technological University