Mr. A, a partner of Bhali & Co., chartered Accountant died of a heart attack on 30.3.2018 after completing the entire routine audit work of K Ltd. Mr. B one of the partners of the firm therefore signed the accounts of K Ltd without reviewing the finalisation work done by the assistants. State with reasons your views.

Mr. A, a partner of Bhali & Co., chartered Accountant died of a heart attack on 30.3.2018 after completing the entire routine audit work of K Ltd. Mr. B one of the partners of the firm therefore signed the accounts of K Ltd without reviewing the finalisation work done by the assistants. State with reasons your views.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mr. A, a partner of Bhali & Co., chartered Accountant died of a heart attack on
30.3.2018 after completing the entire routine audit work of K Ltd. Mr. B one of the partners
of the firm therefore signed the accounts of K Ltd without reviewing the finalisation work
done by the assistants. State with reasons your views.

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