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1) Sir we know auditor’s liability is towards company because auditor has special relationship only with the body of shareholders as a whole. BUT if the report is towards any other stakeholder then will liability arise towards that stakeholder also?
2) Sir one of the potential ground for fair dismissal is GROSS MISCONDUCT. What does the gross misconduct means?
1) This is a paper F8 topic – but if the auditor is engaged to carry out a review or other assurance engagement then the auditor will be responsible to that person that has engaged the auditor’s services
2) Here’s the dictionary definition (why could you not look this up for yourself?)
“unacceptable or improper behaviour of a very serious kind, especially by an employee or professional person”
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