Auditor's lien
This query is : Open
23 January 2015
Can an auditor exercise right of lien on the books of accounts of a company for non payment of his fees?
23 January 2015
Yes. The auditor can exercise his lien on client’s books and records subject to the following conditions:
(a) Document retained must belong to the client who owes the money.
(b) Such documents must have come into auditor’s possession with the client’s
authority.
(c) Some work must have been done and fees for work performed must be outstanding.
(a) Document retained must belong to the client who owes the money.
(b) Such documents must have come into auditor’s possession with the client’s
authority.
(c) Some work must have been done and fees for work performed must be outstanding.
23 January 2015
But a company needs to keep it's books at the registered office.
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