Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Responsibility Of Joint Auditors – SA 299

Responsibility Of Joint Auditors – SA 299 (Standards On Auditing)

What does Joint Auditor mean ?

When two or more practicing unit are appointed for conducting an audit of an entity, these practice units are said to be Joint Auditors

Joint auditors are normally appointed in large entities where the large volume of work is to be performed

Division Of Work

Joint auditors should divide the work among themselves on the basis of –

  • Time (for eg :- work can be divided in quarters or months)
  • Functional Areas
  • Components of Financial Statements (for eg :- verification of assets, checking of debtors, liabilities etc)
  • Geographical location ( for eg :- regional branches)

These divisions should be documented adequately.

Reliance is to be kept by the joint auditors on other Joint auditors work. There is no need to review the work done by the other Joint Auditor.


If some joint auditor comes to know a matter, relevant for other Joint auditors, then he should communicate the same immediately to other joint auditors in writing. The date of such communication should be before the date of audit report.


Seperate Responsibility of each Joint Auditor

  • For work allocated to him
  • For maintaining appropriate documentation
  • For components allocated to him in case of entities having many components
  • For drafting his audit program

Joint and Several Responsibility of all Joint Auditors

  • For work which has not been divided
  • Where collective desicions have been taken w.r.t. nature,timing and extent of audit procedures
  • Matters brought to knowledge of all by one of them and on which they all agree
  • Disclosure requirements in Financial Statements
  • Compliance of audit report with statutory requirement.

If there is any difference of opinion and the one’s who disagree with the others, may provide their own opinion through a seperate report as any joint auditor is not bound to agree by the majority opinion.

Responsibility Of Joint Auditors – SA 299 (Standards On Auditing)


At CAKART you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit and chat with our counsellors any time. We are happy to help you make successful in your exams.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *