LLP as auditor...

LImited liability partnership.

Suraj Lakhotia

Admin

20-Jul-20

Limited liability partner means?

Thread Starter

Ramya Devi

CA Inter

★ 580

21-Jul-20

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

Moderator

21-Jul-20

Thank you....

Thread Starter

Ramya Devi

CA Inter

★ 580

23-Jul-20

What is tech auditor

Kumar reddy ponnur

CA Inter

★ 31K+

07-Aug-20

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

Sriram Somayajula

Admin

08-Aug-20