if there are 5 partners in a firm of chartered accountants in practice, then all the partners of the firm can collectively sign 100 audit reports. ( in case of firm is appoint as a auditor rather than individual appoint as a auditor).
my question is that 1 partner can individually sign 100 audit reports in case remaining 4 partners are not signing any audit report.???
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1 partner can sign audit report if remaining partners are not signing any audit report??
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yes.. audit limit is for firmm not for partners... so any partner can sign 100 reports.
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