One page paper
Please answer the following questions in one page:
1. Is there a conceptual difference between an error and negligence from a reasonable care perspective? Give examples of each in your response.
2. Do you think that the provision of nonaudit services for a client with a failed audit is evidence of negligence? Explain.
3. What is the purpose of having a two-tier system of boards of directors in countries such as Germany? How does the dual-board approach ameliorate the potential conflicts in the principal-agent relationship between investor and manager?
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