Would you like to know what is the criminal liability of an auditor? The amount of penalties, what can he be punished for? In the article we answer these questions in detail.
What is the criminal liability of an auditor?
An auditor is a person who has knowledge and experience in the field of accounting and auditing. He or she is responsible for examining and evaluating the financial records of a given company or institution, as well as performing other audit-related activities. The auditor is also responsible for advising on accounting and other financial matters.
Criminal liability for an auditor can be issued if the auditing or consulting activities he performs lead to serious financial losses for his client. A certified public accountant can also be held criminally liable for failing to perform his duties properly, which can lead to serious financial problems for his client.
Criminal liability of an auditor – for what?
Criminal liability of an auditor is strictly regulated by law. What can he be punished for? The auditor can be punished for violating the law, failing to fulfill his duties or acting to the detriment of his client. For violation of the law, he can be punished with arrest, restriction of liberty or a fine. Failure to fulfill duties, on the other hand, can result in a warning or reprimand. Acting to the detriment of the client can result in the loss of the license.
Penalty amounts – criminal liability of a certified public accountant
Criminal law is the part of the law that regulates legal penalties. According to Article 2 of the Criminal Code, punishment is aimed at:
- protect the personal interests and legally protected good citizens,
- to prevent and inhibit further commission of criminal acts,
- rehabilitation and improvement of the convicted person.
The amount of legal punishment depends on the nature and degree of social harmfulness of the act, as well as the convicted person. A person who has committed a criminal act is criminally responsible for his actions. Criminal liability of an auditor can be determined by the court up to 5 years imprisonment.
The auditor is liable to the court for acts that constitute a felony or misdemeanor. The auditor’s criminal liability may be determined by the court in the amount of up to 5 years’ imprisonment. A certified public accountant is also criminally liable for his acts if he commits a felony or misdemeanor.
Criminal liability of an auditor may be determined by the court in the amount of up to 5 years’ imprisonment. A certified auditor is also criminally liable for his or her acts if he or she commits a felony or misdemeanor.
