Assess Whether the Warsaw Convention or COGSA Provide Greater Protection

question 57

Essay

Assess whether the Warsaw Convention or COGSA provide greater protection for the one seeking carriage.

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Definitions:

Generally Accepted Accounting Principles

A framework of accounting rules, standards, and procedures that companies must follow when compiling their financial statements in the United States.

Modified Opinion

A type of audit opinion suggesting that the auditor has reservations about certain aspects of the company's financial statements.

Qualified Opinion

An auditor's opinion suggesting that the financial statements of a firm are fairly presented, except for a particular area or exception.

Adverse Opinion

An auditor's statement indicating that a company's financial statements are not presented fairly or in conformity with Generally Accepted Accounting Principles (GAAP).