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Lien

This topic has 2 replies, 2 voices, and was last updated 8 years ago by Ken Garrett.

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March 18, 2017 at 9:11 am #378609
hemraj123
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Sir, supposing if the old auditors are holding the records of the client company due to lien say for non payment, then will the old auditors provide the books to the new auditors so that the new auditors can carry out their work?
(Maybe an agreement will be formed between new and old auditors)
What will usually be done in this case?
March 22, 2017 at 7:25 am #378906
hemraj123
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!
March 22, 2017 at 6:34 pm #378986
Ken Garrett
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Generally not. A lien gives you the right to keep something (usually in relation to a debt owed to you). So, why would the old auditors take the pressure off by giving up the books of account?
This is quite obscure stuff. Don’t worry about it too much!
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