Responsibility of audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2011
whether only signing partner would be liable or all partners would be equally liable, in case of death of signing partner, financial statement found misappropriated then others partners would be liable or not.....?
31 January 2011
All the partners are equally responsible.
.
However; more responsbilities are born by the person who signs the Audit Report.
.
Whenever such cases are found; then the case is lodged in the name of the firm and not in the name of individual partner.
All the partners are equally responsible.
.
However; more responsbilities are born by the person who signs the Audit Report.
.
Whenever such cases are found; then the case is lodged in the name of the firm and not in the name of individual partner.
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