Can same person perpare a/c. and audit of society
This query is : Resolved
26 April 2014
Hi Experts,
Can the same person prepare accounts and conduct audit as well of the co-operative society ?
Thanks
Can the same person prepare accounts and conduct audit as well of the co-operative society ?
Thanks
27 April 2014
Not only for society but for any other entity a CA cannot prepare accounts for which he is an auditor, as per our professional ethics. However for a small entity this is not a practical approach. But sadly the guidelines are similar for all entities. Bothra_piyush@yahoo.com
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