An Auditor Failing to Report to ASIC a Contravention of the Corporations

question 41

Multiple Choice

An auditor failing to report to ASIC a contravention of the Corporations Act by a client is an example of:

• A) a securities violation.
• B) criminal liability.
• C) a breach of common law.
• D) contributory negligence.

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Definitions:

Non-Canadian Ship

A vessel that is registered under the flag of a country other than Canada, subject to the maritime laws of its flag state.

Canadian Coastal Trade

The transport of goods or passengers between two points within Canada by sea, subject to specific regulations and protections.

Shipworkers' Trade Union

An organization that represents the interests and rights of workers in the shipping or maritime industry.

Labour Relations Board

A regulatory body that oversees and enforces labor laws related to the rights of employers and employees, including union activities and collective bargaining.