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Joint auditors
Auditing
What this sentence means - 3 point given below
Answers (1)
If the joint auditors already agreed upon that all the joints auditors will be jointly responsible for certain matters like fraud, and one joint auditor identifies fraud and informs remaining auditors about that fraud, Then all the joint auditors will be jointly and severally liable. Simply, if all joint auditors were already agreed for collective responsibility on certain matters, they will be jointly and severally liable on intimation of such matters by any one of them.
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