Recently, after the Companies (Audit and Auditor) (2nd) Amendment Rules, 2018 some section of media reported that an audit firm shall be criminally liable under the company law for a fraudulent act of an audit partner, while few others have view that there is some new position of law regarding criminal liability of audit firms. Both of these are slightly wrong interpretations.
Copyright
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.-
-
-
-
-
-
-
-
-
-
