The role and importance of the obligatory liability insurance of auditors

Liability insurance has taken a step forward in increasing the safety of, above all, third parties. Through the payment of a relatively small amount of insurance premium, this type of insurance provides the insured the needed safety, and the third party receives a secured payer of damage. The state...

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Main Authors:	Demko-Rihter Jelena, Njegomir Vladimir, Nerandžić Branislav
Format:	Article
Language:	English
Published:	University of Novi Sad - Faculty of Economics, Subotica 2018-01-01
Series:	Anali Ekonomskog fakulteta u Subotici
Subjects:	auditing liability insurance
Online Access:	https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2018/0350-21201839219D.pdf

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spelling	doaj-962800011d684ed59a42cd1aae43e7aa2020-11-25T02:24:38ZengUniversity of Novi Sad - Faculty of Economics, SuboticaAnali Ekonomskog fakulteta u Subotici0350-21202683-41622018-01-012018392192330350-21201839219DThe role and importance of the obligatory liability insurance of auditorsDemko-Rihter Jelena0https://orcid.org/0000-0001-7762-3095Njegomir Vladimir1https://orcid.org/0000-0003-0148-6906Nerandžić Branislav2Univerzitet u Novom Sadu, Fakultet tehničkih nauka, Departman za industrijsko inženjerstvo i menadžment, Novi SadUniverzitet Union, Fakultet za pravne i poslovne studije 'Dr Lazar Vrkatić', Novi SadUniverzitet u Novom Sadu, Fakultet tehničkih nauka, Departman za industrijsko inženjerstvo i menadžment, Novi SadLiability insurance has taken a step forward in increasing the safety of, above all, third parties. Through the payment of a relatively small amount of insurance premium, this type of insurance provides the insured the needed safety, and the third party receives a secured payer of damage. The state is even more interested in applying this type of insurance protection and implements obligatory liability insurance for certain occupations and professions (doctors, lawyers, accountants and auditors, engineers, managers, etc.) in order to provide insurance coverage in the case of mistakes, omissions and carelessness in the performance of their activities. The authors of the paper are focused on the role and importance of the institution of the obligatory liability insurance of the auditors for their expressed opinion and then the authors research the impact of the auditor's report on numerous users of the information disclosed in the financial statements and their decisions on investing or withdrawing capital, the price and availability of financial resources, transaction costs, as well as on trends in the capital market.https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2018/0350-21201839219D.pdfauditingliability insurance
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Demko-Rihter Jelena Njegomir Vladimir Nerandžić Branislav
spellingShingle	Demko-Rihter Jelena Njegomir Vladimir Nerandžić Branislav The role and importance of the obligatory liability insurance of auditors Anali Ekonomskog fakulteta u Subotici auditing liability insurance
author_facet	Demko-Rihter Jelena Njegomir Vladimir Nerandžić Branislav
author_sort	Demko-Rihter Jelena
title	The role and importance of the obligatory liability insurance of auditors
title_short	The role and importance of the obligatory liability insurance of auditors
title_full	The role and importance of the obligatory liability insurance of auditors
title_fullStr	The role and importance of the obligatory liability insurance of auditors
title_full_unstemmed	The role and importance of the obligatory liability insurance of auditors
title_sort	role and importance of the obligatory liability insurance of auditors
publisher	University of Novi Sad - Faculty of Economics, Subotica
series	Anali Ekonomskog fakulteta u Subotici
issn	0350-2120 2683-4162
publishDate	2018-01-01
description	Liability insurance has taken a step forward in increasing the safety of, above all, third parties. Through the payment of a relatively small amount of insurance premium, this type of insurance provides the insured the needed safety, and the third party receives a secured payer of damage. The state is even more interested in applying this type of insurance protection and implements obligatory liability insurance for certain occupations and professions (doctors, lawyers, accountants and auditors, engineers, managers, etc.) in order to provide insurance coverage in the case of mistakes, omissions and carelessness in the performance of their activities. The authors of the paper are focused on the role and importance of the institution of the obligatory liability insurance of the auditors for their expressed opinion and then the authors research the impact of the auditor's report on numerous users of the information disclosed in the financial statements and their decisions on investing or withdrawing capital, the price and availability of financial resources, transaction costs, as well as on trends in the capital market.
topic	auditing liability insurance
url	https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2018/0350-21201839219D.pdf
work_keys_str_mv	AT demkorihterjelena theroleandimportanceoftheobligatoryliabilityinsuranceofauditors AT njegomirvladimir theroleandimportanceoftheobligatoryliabilityinsuranceofauditors AT nerandzicbranislav theroleandimportanceoftheobligatoryliabilityinsuranceofauditors AT demkorihterjelena roleandimportanceoftheobligatoryliabilityinsuranceofauditors AT njegomirvladimir roleandimportanceoftheobligatoryliabilityinsuranceofauditors AT nerandzicbranislav roleandimportanceoftheobligatoryliabilityinsuranceofauditors
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The role and importance of the obligatory liability insurance of auditors

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