- 1 Marks
Question
For the auditors to have a right of lien on the books and records of the client, they must have obtained ………… by …………… means.
Answer
Payment by lawful means
Explanation: Auditors can claim a lien on the client’s books and records only if they have received payment for their services through lawful means. This ensures that their right to retain the records is legitimate.
- Tags: Audit Ethics, Auditor’s Lien, Client’s Records, Financial Documentation, Legal Rights
- Level: Level 3
- Topic: Auditor’s Legal Liability
- Series: NOV 2012
- Uploader: Dotse