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Rule 9: Liability to devolve on concerned partners only · Complied AI

Chapter 26
Rule 9

Rule 9Chapter 26

Liability to devolve on concerned partners only

In case of criminal liability of any audit firm, the liability other than fine, shall devolve only on the concerned partner or partners, who acted in a fraudulent manner or abetted or, as the case may be, colluded in any fraud.

Notes, amendments & references (1)

9. Liability to devolve on concerned partners only.- Omitted Companies (Audit and Auditors) Amendment Rules, 2018 dated 07.05.2018 . To view the notification, Click Here

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