Journal of college of Law for Legal and Political Sciences

Abstract

The auditor is the main fundamental in the framework of monitoring the work of the joint-stock company, which is characterized by complexity in its work and overlapping among them, and therefore it was necessary to have a person with experience and competence that qualifies him to monitor the work of management in these companies for the benefit of shareholders and within an organizational framework governing his work, in order to achieve the interest of shareholders who are unable to adequately follow up the control due to the absence of the necessary expertise, and as the general shareholders do not meet within the general assembly except once a year, and on the other hand, the interest of the company over control aims to protect it by restricting the right of control to the person of the auditor because all the interference shareholders will lead to obstruction of the company's work, and the auditor’s report is the revealing of the company's financial position and the basis for the company’s planning, control and appropriate decision-making processes, as it is based on third parties in investment, and from here it was necessary to clarify the limits of civil liability for the auditor and indicate his position Legal and who can claim compensation.