As per SA220 if engaged partner dies before signing and another partner of his ca firm sign his work without reviewing the work performed by deceased partner ….is a Non compliance of SA 220…..As per SA 299 we can rely the work of joint auditor without reviewing his work ..even if joint auditor is dies then single auditor can sign audit report without reviewing deceased audior s work performed ……..IS BOTH STATEMENTS ARE CORRECT W R T BOTH SA ?

Questions › Category: Questions › As per SA220 if engaged partner dies before signing and another partner of his ca firm sign his work without reviewing the work performed by deceased partner ….is a Non compliance of SA 220…..As per SA 299 we can rely the work of joint auditor without reviewing his work ..even if joint auditor is dies then single auditor can sign audit report without reviewing deceased audior s work performed ……..IS BOTH STATEMENTS ARE CORRECT W R T BOTH SA ?

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Ankush asked 3 years ago

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Ravi Staff answered 3 years ago

SA 220 statement is correct.
We can rely on joint auditor that doesn’t mean we can sign on his behalf. It simply means no need to recheck his area even if some entries originates from his area and he has checked it.
If joint auditor dies, either appoint new auditor for casual vacancy or give his work to other joint auditor, in either case work needs to be done, yes earlier documents, evidences, files can be used and relied upon.

Nishant Sharma replied 3 years ago

And if the joint auditor dies after performing his work and signing the report and later it is found that the joint auditor did not perform the audit diligently, who would be held responsible in such a case?
As per SA 299, joint auditors are not jointly liable for work allocated to a particular auditor. Who would be held liable then?