What is the purpose of a legal letter?
The purpose of the attorney’s letter is to inform and certify to the auditor of any legal action against the client that could result in an adverse financial impact on the company’s financial statements.
What has legal significance?
1 established by or founded upon law; lawful. 2 of or relating to law. 3 recognized, enforceable, or having a remedy at law rather than in equity.
What is the legal term that means that you have responsibility for your own actions?
Search Legal Terms and Definitions one of the most significant words in the field of law, liability means legal responsibility for one’s acts or omissions.
Which term describes the legal definition of failure to live up to a particular duty?
negligence. can be described as failure to give care that is normally expected of a person in a particular position resulting in injury to another person.
What does promptly mean in legal terms?
as soon as reasonably practicable
What is the formal accusation charging a person with a crime called?
Indictment
Can a situation be ethical but illegal?
Behaviors that are illegal but are thought by many to be ethical include jaywalking, mixing food and paper waste, cheating taxes, spitting inside a city and driving over the speed limit.
What are 3 possible reasons for unethical business practices?
What Are the Causes of Unethical Behavior in the Workplace?
- No Code of Ethics. Employees are more likely to do wrong if they don’t know what’s right.
- Fear of Reprisal.
- Impact of Peer Influence.
- Going Down a Slippery Slope.
- Setting a Bad Example.
What makes it an ethical issue?
Ethical issues occur when a given decision, scenario or activity creates a conflict with a society’s moral principles. Ethical issues are challenging because they are difficult to deal with if no guidelines or precedents are known.