Wednesday, April 19, 2006
An Auditor Responsibility
| I am waiting to see how this one goes. KPMG auditors Kenya have been sued by the Trust Bank Depositors What is the work of an auditor 1. To assess if the accounts of a company are True and Fair 2. Give an opinion; qualified or otherwise What the Bank will have to show is if the auditors owed a duty to third parties. An auditor cannot be sued for failing to advise creditors and there is a lot of case law to support this. |
posted by Shiroh Kamau at 10:41 AM
Legal Kenya, you've been quiet. Bloggggggggggggg............
The key is negligence.U have to prove the Auditor was negligent in carrying out his duties.