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Penalty clause

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 Hi,

Can a chartered accountant accept assignment of outsourcing which had a penalty cluase?
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srinath

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srinath (Expert)
23 July 2010 wat type of assignment..... can u pl tel in detail
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 It is related to AR outsourcing project where AR management will be done by chartered accountant.
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srinath

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srinath (Expert)
23 July 2010 there is no bar in accepting the one which has penalty clause.. but should look for professional ethics to see whether this businss can be carried by CA

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