Question

Civil liability of an auditor implies liability for?

a. Misappropriation of cash
b. Misappropriation of goods
c. Misfeasance
d. Fraud ​

Answer 1

Answer:

fraud is the right answer of this question.

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Answer 2

Civil liability of an auditor implies liability for?

a. Misappropriation of cash

b. Misappropriation of goods

c. Misfeasance

d. Fraud ​

The correct answer is :

c. Misfeasance

Explanation :

• Misfeasance refers to the act of wrongfully taking away an auditor's citizenship liability in an unlawful manner. causing misunderstanding or breach of trust.
• When an auditor fails to detect errors and frauds committed in the book of accounts, it is a breach of trust placed on him, as this is his duty he fails to do.
• He does this so as to misappropriate the company's money or assets.
• In such a situation, when the matter goes to court, the court may ask him to repay the money or property, or can also ask him to pay a reasonable rate of interest on the money or property misused. The court can decide on this at its discretion.

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