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In which situation may an auditor be granted relief from liability for misfeasance?
  • a)
    When the misfeasance causes financial loss to the auditor.
  • b)
    When the auditor proves acting honestly and reasonably.
  • c)
    When the Central Government intervenes in the matter.
  • d)
    When the auditor resigns immediately after the misfeasance.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In which situation may an auditor be granted relief from liability for...
An auditor may be granted relief from liability for misfeasance if he proves that he acted honestly and reasonably.
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In which situation may an auditor be granted relief from liability for misfeasance?a)When the misfeasance causes financial loss to the auditor.b)When the auditor proves acting honestly and reasonably.c)When the Central Government intervenes in the matter.d)When the auditor resigns immediately after the misfeasance.Correct answer is option 'B'. Can you explain this answer? for B Com 2025 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In which situation may an auditor be granted relief from liability for misfeasance?a)When the misfeasance causes financial loss to the auditor.b)When the auditor proves acting honestly and reasonably.c)When the Central Government intervenes in the matter.d)When the auditor resigns immediately after the misfeasance.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In which situation may an auditor be granted relief from liability for misfeasance?a)When the misfeasance causes financial loss to the auditor.b)When the auditor proves acting honestly and reasonably.c)When the Central Government intervenes in the matter.d)When the auditor resigns immediately after the misfeasance.Correct answer is option 'B'. Can you explain this answer?.
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