Lien on books
This query is : Resolved
05 September 2016
In case auditor has not been paid so can an auditor exercise his lien on books?
05 September 2016
Yes he can have lien
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06 September 2016
But i think now as decided in SEKSENA Vs SHARMA 's case , auditor cant exercise his lien on books... I am not sure plz tell .
06 September 2016
Please go through the link
https://www.caclubindia.com/experts/auditor-s-lien-1976204.asp
https://www.caclubindia.com/experts/auditor-s-lien-1976204.asp
06 September 2016
See, try to consider a subtle point......
AUDITOR is not supposed to do anything in the preparation of books of accounts.....what s/he can do is the AUDIT......and hence lien can NOT be exercised....unlike say a tailor, accounts writer,
AUDITOR is not supposed to do anything in the preparation of books of accounts.....what s/he can do is the AUDIT......and hence lien can NOT be exercised....unlike say a tailor, accounts writer,
Message likes :
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06 September 2016
Its so convoluted . Which expert is right?
06 September 2016
the point is simple.....an AUDITOR acting as AUDITOR only has no business to do with doing any processing/ work on the books of accounts AND hence no lien can be exercised on the books.
On the other hand, if an Auditor, in addition to being an auditor, is giving some services to company, where the auditor can beyond any doubt prove that the auditor has done some processing on books of accounts....then the auditor in the capacity of processor of books of accounts can have LIEN.....
On the other hand, if an Auditor, in addition to being an auditor, is giving some services to company, where the auditor can beyond any doubt prove that the auditor has done some processing on books of accounts....then the auditor in the capacity of processor of books of accounts can have LIEN.....
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