QuestionsCategory: SA-299What if there is no documentation for division of responsibility in case of joint audit? and after issuing audit report fraud comes to notice?
Auditaudit Staff asked 8 years ago
1 Answers
Ravi TaoriRavi Taori answered 8 years ago

Hello 
It is responsibility of both joint auditors to ensure that work is divided, documented and client is informed about it. If they have not done this then it is non complaince of SA 299. Further in normal circumstances only concerned joint auditor of particular area is responsible for fraud. But in this case as areas are undivided both will be responsible.