loans & advances taken by a company
This query is : Resolved
25 July 2009
I want to ask that a auditor has given advances to a company in which he is the auditor. My query is that can he sign the auditors report or it is professional misconduct on the part of the auditor.
Reply as soon as possible
Reply as soon as possible
25 July 2009
Hi,
I think it would be professional misconduct on the part of the auditor.
Refer section 226 (3)(d) of companies Act, 1956
Regards
I think it would be professional misconduct on the part of the auditor.
Refer section 226 (3)(d) of companies Act, 1956
Regards
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