Mr. Robin, a Chartered Accountant, is an employee of M/s SA & Associates, a firm of Chartered Accountants of Nepal. The firm is the Auditors of ABC & Co. Ltd. After auditing the accounts of the Company, the Auditor firm allowed Mr. Robin, their employee, to sign the audit report; which he did.
An employee Chartered Accountant cannot sign the auditor‟s report on behalf of the auditing firm. Full time employee is not considered Chartered Accountant in practice, so Mr. Robin, who is employee of SA & Associates cannot sign the auditor‟s report on behalf his firm. Only a partner in the firm can sign the audit report in compliance with the provisions of company act 2063.