Interested to Buy Any Domain ? << Click Here >> for more details...
Is there any disqualification of an auditor if he is
Indebted to a partnership firm and proprietor???
- 4 Answers
- 8757 Views
- I also Faced
- E-Mail Answers
Answer Posted / manish shah
NO THERE IS NO DISQUALIFICATION OF AN AUDITOR IF HE IS
INDEBTED TO A PARTNERSHIP FIRM AND PROPRIETORSHIP FIRM AS
THERE IS NO PROVISION IN THE LAW FOR THE SAME. ONLY
PROVISION FOR THE SAME IS FOUND IN THE COMPANIES ACT 1956,
IF THE AUDITOR IS INDEBTED TO A COMPANY FOR RS 1000/-OR
MORE AND HELD SHARES OF THE COMPANY IN WHICH HE IS AUDITOR
FOR MORE THAN RS 1000/- AND THE SAME IS NOT DECLARED THAN
THE AUDITOR IS DISQUALIFIED.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
What is an audit process?
what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .
Why a company or firm should carry out the audit related work.
promotions of a new apointed auditor in cgda.
Define vouching?
What are objectives of internal audit?
What are the essential of internal audit?
What do you mean by vouching?
what is the reason for controls in an IS environment?
What does an internal audit charter contain?
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
for how much loan a borrower has to submit QIS
What is mean by error of submission? can u plz provide notes on this?
can external audit be seen as merely an overhead cost adding no value to the orgnisation
i want question papers audit staff selection examination
