The liability of auditor can be ____________.

only civil

No worries! We‘ve got your back. Try BYJU‘S free classes today!

only criminal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

either civil or criminal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

civil and/or criminal

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D civil and/or criminal
Liability of auditor are both civil and criminal.
The liability of auditor to pay damages are known as civil liabilities.
The auditor can be held criminally liable under:
1. The Companies Act
2 The Income tax act
3 The Chartered Accountant Act.

Suggest Corrections

Similar questions

Dispersion medium in a colloid can only be a liquid or gas.

Join BYJU'S Learning Program