The Partners do not hold back on harnessing the advantages of being part of the Brand. They should just likely take responsibility when one of their Teammate has been proven guilty. The larger Firms specially, boast of a robust peer review system, 100s of partners who work together. It is the team's joint responsibility to ensure the Firm as whole is performing the duties responsibly. We should appreciate that a CA firm is a Partnership and not a Company. Important: The punishment can only apply, if proven guilty of gross negligence or collusion. But an Auditor should never be used as a Scape Goat, just becuase he has not run away like large Business Tycoons. In recent past, it has been seen that, the auditors have probably suffered more, than the actual people who had committed the fraud.
The Partners do not hold back on harnessing the advantages of being part of the Brand.
They should just likely take responsibility when one of their Teammate has been proven guilty.
The larger Firms specially, boast of a robust peer review system, 100s of partners who work together. It is the team's joint responsibility to ensure the Firm as whole is performing the duties responsibly.
We should appreciate that a CA firm is a Partnership and not a Company.
Important: The punishment can only apply, if proven guilty of gross negligence or collusion. But an Auditor should never be used as a Scape Goat, just becuase he has not run away like large Business Tycoons. In recent past, it has been seen that, the auditors have probably suffered more, than the actual people who had committed the fraud.
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