PORTFOLIO OF AN AUDITOR

GROUP 6

GROUP MEMBERS NAME

MILTON GRACIAS CLIFFTON KINNY HEINRICH KINNY ALSTON PEREIRA JEYSON BARBOZA KEVIN DSOUZA VICKY RAMESH

INTRODUCTION
Professional accountants have an important role in society, investors, creditors, employers and other sectors of the business community Integrity Objectivity Professional competence Confidentiality Professional behavior

AUDITORS INDEPENDENCE

Independence of the internal auditor

Independence of the external auditor

AUDITORS PROFESSIONALISM

Meaning Hign level of trust and integrety Ethical working climate Monitoring

AUDITORS RESPONSIBILTIES

INTRODUCTION
RESPONSIBLE MUTUAL DECISSION APPROVAL FROM JOINT AUDITORS DISAGREEMENT OF AUDITORS

RIGHTS OF COMPANY AUDITOR

Access and vouchers
Obtain information and explanation To visit branch offices and access to branch accounts

DUTIES OF COMPANY ADUITOR

Duty to certify the statutory report Duty to certify profit and loss account in a prospectus Duty to assist investigators Duty as to declaration of solvency in members voluntary winding up Duty of reasonable care

THE LIABILITIES OF AUDITORS

I. Liabilities of auditors under the companies Act,1956 1.Misfeasance 2. Misstatement in prospectus

II. Criminal Liabilities in the Companies Act 1. Fraud and Deception 2. Offence in relation to the company

Thank you