Home  Journals  International Accounting  16(310) - 2014 April

Caution and care when selecting contractors: theoretical and practical aspects

Available online: 26 April 2014

Subject Heading: PROBLEM. VIEWS. SOLUTION

JEL Classification: 

Pages: 23-31

When selecting business partners, an organization is liable to exercise due diligence and care, which are necessary to be proved by the respective actions and documents in case of tax inspections. The appropriate selection of bona fide business partners is a difficult task for modern business. Reliability is a result of good faith, which is directly connected with prudence and caution, particularly in terms of preparing and formation of contractual relations with partners.

Keywords: prudence principle, caution, care, partners selection, contractual, contractor, doctrine, fair and honest viewpoint, honest taxpayer, unfair practices, estimated value, obligating events, estimated liabilities

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ISSN 2311-9381 (Online)
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