WHAT IS THE DIFFERENCE BETWEEN THE TERMS "ENGAGED" AND "EMPLOYED"?
IN SA 620, IT WAS GIVEN :
AN EXPERT MAY BE ENGAGED BY THE AUDITOR OR
EMPLOYED BY THE AUDITOR
WHAT IS THE DIFFERENCE BETWEEN THE TERMS "ENGAGED" AND "EMPLOYED"?
IN SA 620, IT WAS GIVEN :
AN EXPERT MAY BE ENGAGED BY THE AUDITOR OR
EMPLOYED BY THE AUDITOR
in my opinion engaged means keeping an expert busy in that job and employing means giving him the job without the supervision of the auditor.
Engaged refers to hire for a short term period or for a particular task. When the task ends the service of expert also ends.
And employed means you have hired the person or expert parmanently and you will take his service in all your tasks. His work is not limited for a single task.
Engaged person will get fee or say commission for the task whereas the expert or person will get salary for his services.
Thanks for the clear explanation
Agreed with Abhimanyu.
THANK U SIR
| Originally posted by : RAKESH | ||
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in my opinion engaged means keeping an expert busy in that job and employing means giving him the job without the supervision of the auditor. |
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Yaa mee too agreee with rakesh
| Originally posted by : Rupesh Kalantri | ||
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according to me Engaged = Prinicipal & agent relationship & Employed = Master & Servant relationship |
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Thanks for all
| Originally posted by : Abhimanyu Bind | ||
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Engaged refers to hire for a short term period or for a particular task. When the task ends the service of expert also ends. And employed means you have hired the person or expert parmanently and you will take his service in all your tasks. His work is not limited for a single task. Engaged person will get fee or say commission for the task whereas the expert or person will get salary for his services. |
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