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
- 8905 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
Would you consider alternative vacancies if so which:
Do you know what are the reasons for getting audited?
What do you know about KPMG?
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
why auditors are not true and faire statement of account
Audit strategy based
What is external audit?
What is the mean of statutory audit?
What is an internal audit?
What is statutory audit?
Explain tangible assets?
What is audit control procedure?
What is the role of internal audit?
What are the objectives of internal audit?
what is the steel consumption per sq ft for ground plus 12 floors
