Accountancy, asked by Omotoyosi, 10 months ago

The difference between limited liability audit and partnership audit

Answers

Answered by nileshgujju
2

Answer:

Explanation: difference between company and partnership audit are

company audit :- the member of the company are called as shareholders of a comapany.

partnership audit :- the member of the partnership firm are called as partners.

Answered by yuvraj99975
1

Explanation:

Limited liability- the condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares

Partnership audit - An audit partner is a certified public accountant and full equity partner in a professional accounting firm. ... Each partner earns a share of the profits, usually in proportion to her ownership percentage. The audit partner signs and approves the firm's audit report and financial statements for the clients she manages.

BROTHER PLEASE MARK IT AS BRAINLIEST PLEASE

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