This presentation discusses auditors' legal liability, focusing on the case of Ryan Wealth Holdings Pty Ltd vs Baumgartner. It explores the facts of the case, root causes, and pertinent issues. The presentation also covers reporting requirements, auditors' professional responsibilities, and ethical considerations. It provides insights into audit planning procedures, audit procedures for transactions and balances, and the confirmation of investments. Additionally, it offers recommendations for audit strategy and procedures, as well as mitigation against professional and reputational damage. The presentation concludes by emphasizing the importance of risk mitigation and the potential benefits it brings to asset protection, efficiency improvement, and financial reliability.
![[object Object]](/_next/image/?url=%2F_next%2Fstatic%2Fmedia%2Flogo.6d15ce61.png&w=640&q=75){kind=small}
![[object Object]](/_next/static/media/star-bottom.7253800d.svg)
