Question: Ahmad is the auditor for Maju Sdn Bhd . While auditing the financial statements of the company he found a few discrepancies in the accounts

Ahmad is the auditor for Maju Sdn Bhd

.

While auditing the financial statements of the company he found a few discrepancies in the accounts that were presented. Since he was preoccupied with his own family

s business Ahmad did nothing on the discrepancies. Siti a minority shareholder is not happy with Ahmad's conduct. Siti said that Ahmad should not be appointed as the company

s auditor since he owed the company rm

26000.00 .

In light of the situation answer the following questions.

What remedies are available for a breach of auditor

s duties?

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