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Provisions of company audit...

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24 Points Posted on 13 October 2018
what if the staff of company auditor is indebeted to the company exceeding rs 500000.....whether the auditor is disqualified for appointment.....? if yes on what basis...?? the staff is neither a reletive nor a partner.....
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On 13 October 2018 at 18:59 Report
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Not disqualified, if the staff is neither relative nor partner.

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On 13 October 2018 at 20:28
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24 Points Posted on 13 October 2018
but that staff may involve in the audit procedure.....so there is a possibility that will it compramise the basic principels of audit...
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On 13 October 2018 at 20:43
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That's auditor's duty to do it independently as per auditing standards. He needs to sign the report not the staff. As a auditor, would you allocate your staff who is indebted like this situation. No.
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On 13 October 2018 at 20:49
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2 Points Posted on 14 October 2018
fine for delayed return
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On 14 October 2018 at 11:01


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