Case Law

Caparo Case
The landmark case of *Caparo Industries plc v Dickman and others* (1990) significantly influenced the realm of audit law by ruling that auditors owe a duty of care to existing shareholders as a collective entity rather than to individual shareholders.
Landmark Decision
A landmark decision is a court case that is studied because it has historical and legal significance. These decisions notably set important precedents that can influence and guide future court rulings. In the legal field, a landmark decision can shape or alter laws, societal norms, and judicial interpretations.
Lexis
LEXIS, short for Legal Exchange Information Service, is a comprehensive online legal research service that provides access to a vast repository of legal resources including case law, statutes, regulations, news, and business information. It is widely used by legal professionals, law students, and researchers.
Opinion
In a legal context, an opinion refers to the reason given for a court's judgment, finding, or conclusion. This document explains the term, provides examples, answers frequently asked questions, and offers references for further study.
Stare Decisis
Stare Decisis is a legal principle that mandates courts to follow judicial precedents set by previous cases when making decisions on new cases involving similar issues.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.