Question

list out the powers, duties and liabilities of a cost auditor​

Answer 1

Answer:

He is liable to the Company if he does not perform his duties properly or is guilty of negligence. (ii) He also owes a legal responsibility to third parties who might have been misled by his audit certificate and acted in reliance thereon.

Explanation:

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Answer 2

Answer:

An auditor is an agent of the shareholders. He has to perform his professional duties. He should take reasonable care and skill in the performance of his duties. If he fails to do so, liability for negligence arises

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