Question

Discuss the civil & criminal liability of an auditor under companies act 2013?

Answer 1

Answer:

civil and criminal liability of an auditor inder companies act 2013

section 539 of companies act,prescribe several criminal punishments;if any false or fraudulent entry is made in any register, books of accounts or records of the company.

Auditors are potentially liable for both criminal and civil offences. The former occur when individuals or organisations beach a government imposed law;in other words criminal law governs relationships between entities and the state .