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Professional ethics

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Querist : Anonymous (Querist)
26 April 2011 Mr. Rahul, a locally based Chartered Accountant, accepted an audit assignment at a fee lower than that charged by the previous auditor, who was stationed in another town and had to spend a lot of money on travel for which he did not charge separately.
Please provide answer for above question.

26 April 2011 Not guilty of professional ethics as the clasue of undercutting has been removed from part I of first schedule.



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