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MEANING

Ayyswariya RG (Knowledge Seeker) (3711 Points)

09 August 2010

WHAT IS THE DIFFERENCE BETWEEN THE TERMS "ENGAGED" AND "EMPLOYED"?

IN SA 620, IT WAS GIVEN :

AN EXPERT MAY BE ENGAGED BY THE AUDITOR OR

EMPLOYED BY THE AUDITOR

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11 Replies

RAKESH (Almost CA) (2199 Points)
Replied 10 August 2010

in my opinion engaged means keeping an expert busy in that job and employing means giving him the job without the supervision of the auditor.

1 Like

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Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 10 August 2010

Engaged refers to hire for a short term period or for a particular task. When the task ends the service of expert also ends.

And employed means you have hired the person or expert parmanently and you will take his service in all your tasks. His work is not limited for a single task.

Engaged person will get fee or say commission for the task whereas the expert or person will get salary for his services.

4 Like

Ayyswariya RG (Knowledge Seeker) (3711 Points)
Replied 10 August 2010

Thanks for the clear explanation

CA SURENDRA KUMAR RAKHECHA (Practising CA at Surat) (26263 Points)
Replied 10 August 2010

Agreed with Abhimanyu.

1 Like

Ayyswariya RG (Knowledge Seeker) (3711 Points)
Replied 10 August 2010

THANK U SIR

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CA Madhukiran Reddy (CHARTERED ACCOUNTANT) (12714 Points)
Replied 10 August 2010

Originally posted by : RAKESH
	in my opinion engaged means keeping an expert busy in that job and employing means giving him the job without the supervision of the auditor.

Yaa mee too agreee with rakesh

1 Like

Rupesh Maheshwari (ACA, Dip. IFR (ACCA)) (6166 Points)
Replied 10 August 2010

according to me Engaged = Prinicipal & agent relationship & Employed = Master & Servant relationship

2 Like

(Guest)

Originally posted by : Rupesh Kalantri
	according to me Engaged = Prinicipal & agent relationship & Employed = Master & Servant relationship

1 Like

Ayyswariya RG (Knowledge Seeker) (3711 Points)
Replied 10 August 2010

Thanks for all

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 10 August 2010

Originally posted by : Abhimanyu Bind
	Engaged refers to hire for a short term period or for a particular task. When the task ends the service of expert also ends. And employed means you have hired the person or expert parmanently and you will take his service in all your tasks. His work is not limited for a single task. Engaged person will get fee or say commission for the task whereas the expert or person will get salary for his services.