This document discusses the audit of partnership accounts. It notes that partnerships with annual turnover exceeding 40 lakhs are subject to tax audit. Audits build trust between partners and mitigate disputes. Audits are important for partners not actively involved, when a partner retires or dies, and can provide advisory services. The auditor should study the partnership agreement and internal controls, and can be appointed by individual partners, retiring partners, sleeping partners, or representatives of deceased partners.

1. AUDIT OF PARTNERSHIP ACCOUNTS

4. Partners who do not take active part in affairs of the firm

5. Death or Retirement of Partner

7. Appointment of Auditor

12. Audit on behalf of Existing Partner

13. Audit on behalf of a Retiring Partner

14. Audit on behalf of a Sleeping Partner

15. Audit on behalf of the representative of a Deceased Partner

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