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Audit Acceptence

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Guest

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Guest (Querist)
16 April 2011 in a private limited company one of the director cum share holder is a relative of partner of CA Firm.

Share holding is about 49%

Relative by way of case 1 - Wife
case 2 - brother

1. Can the CA Firm accept the statutory audit of that company?
2. What are the consequences ?
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Mandar

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Mandar (Expert)
18 April 2011 NO you should not accept the Audit.

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