In this episode, Landon talks about a recent court decision that determined investors couldn't hold an audit company liable for a negligent audit certification. This court decision by the Second Circuit Court Of Appeals created an uproar, as it determined roughly $17 billion of public company financial audits each year are essentially worthless.
What lessons does this dispute over the negligent audit have for land surveyors and mappers? Should a client be able to rely on your deliverables? Are there reasonable limits you can place on that reliance? This episode answers those questions.
In this episode, Landon talks about a recent court decision that determined investors couldn't hold an audit company liable for a negligent audit certification. This court decision by the Second Circuit Court Of Appeals created an uproar, as it determined roughly $17 billion of public company financial audits each year are essentially worthless.
What lessons does this dispute over the negligent audit have for land surveyors and mappers? Should a client be able to rely on your deliverables? Are there reasonable limits you can place on that reliance? This episode answers those questions.