How to identify whether mgmt expert or auditor’s expert?


Hello Sir,
Indicate the precise nature of auditor’s liability in the following situations and support your
views with authority, if any

Based upon the legal opinion of a leading advocate, X Ltd. made a provision of
Rs 5 crores towards Income Tax liability. The assessing authority has worked out the
liability at
Rs 5 crores. It is observed that the opinion of the advocate was inconsistent
with legal position with regard to certain revenue items.”

How to identify whether the advocate is a mgmt expert or auditor’s expert?

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