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LLP as auditor...

The term LLP means what....?How LLP can be a auditor..... explain the term....


Ramya Devi

Ramya Devi

CA Inter

580

20-Jul-20 16:46

20

Answers (6)

LImited liability partnership.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Jul-20 17:50

Limited liability partner means?


Ramya Devi

Ramya Devi

CA Inter

580

21-Jul-20 13:47

Limited liability partner means?

A Limited Liability Partnership (LLP) is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. LLP is a firm, so if the partners of LLP are practicing CAs, then such LLP can be appointed as teh auditor ICAI permits practicing Chartered accountants to practise only through a partnership firm, proprietorship firm or limited liability partnership.


sudha reddy

sudha reddy

Moderator

21-Jul-20 23:35

Thank you....


Ramya Devi

Ramya Devi

CA Inter

580

23-Jul-20 09:47

What is tech auditor

misspelt "the" as "teh" - there is no tech auditor


Sriram Somayajula

Sriram Somayajula

Admin

08-Aug-20 09:41