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Hetty, an accountant, is asked to audit Impish Ltd’s books. She knows that the audit report will be given to Jan to induce her to invest money in the company (though she has never met Jan). The audit is done carelessly, and Hetty reports that the accounts disclose a true and fair view of the company’s financial position when, in fac

LAW514 COMMERCIAL LAW

ASSIGNMENT 2 – PROBLEM-BASED QUESTION

VALUE: 20% OR 20 MARKS WORD COUNT: 1,500. THIS INCLUDES ALL FOOTNOTES AND REFERENCES. (10% margin under or over)
This assignment may be submitted on or before 11.59pm (ACST), Study Week 9 4 May 2020
■ Submit your Assignment using Word or PDF file format ■ The assignment must be lodged online via Learnline Assignment Lodgement link. ■ Assignment lodgements will be acknowledged automatically on the Learnline site, on submission. ■ Citations: The CDU Harvard or AGLC referencing styles may be used, as long as you choose one style and use it consistently. ■ Further questions: Post your questions on the discussion board.
College of Business and Law Semester 2, 2019 Page 1 of 3
UNIVERSITY PLAGIARISM POLICY
Plagiarism is the unacknowledged use of material written or produced by others or a rework of your own material. All sources of information and ideas used in assignments must be referenced. This applies whether the information is from a book, journal article, the internet, or a previous essay you wrote or the assignment of a friend.
Plagiarism policy is available at: http://www.cdu.edu.au/governance/doclibrary/pol-and
Student Breach of Academic Integrity Procedures http://www.cdu.edu.au/governance/doclibrary/pro-092.pdf.
EXTENSIONS AND LATE LODGEMENTS
Extensions
An Application for Assignment Extension or Special Consideration should be completed and provided to the Dean, College of Business and Law.
This application form, explanation and instructions is available on the Learnline course site or direct from
http://learnline.cdu.edu.au/units/lb school templates/deployed/assignment extensio n.docx
Please note that it is now College policy that all extension requests must be approved by the Dean. The lecturer is not able to personally approve extension requests.
Leaving a request for an extension, special assessment or special consideration until the last moment, based on grounds that students could have reasonably been able to foresee, may result in the application being rejected.
Late lodgement Late lodgements are subject to a penalty of 5% of assignment marks per day. Partially completed assignments will be accepted with appropriate loss of marks for the incomplete portion.
College of Business and Law Semester 2, 2019 Page 2 of 3
ASSIGNMENT 2 – PROBLEM-BASED QUESTION
Hetty, an accountant, is asked to audit Impish Ltd’s books. She knows that the audit report will be given to Jan to induce her to invest money in the company (though she has never met Jan). The audit is done carelessly, and Hetty reports that the accounts disclose a true and fair view of the company’s financial position when, in fact, they do not. Jan and Karen, a friend to whom Jan shows the report, both lose money when the company collapses.
Is Hetty liable in negligent misstatement?
Important: Your answer must use the !RAC structure and refer to the relevant case law.

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