Proffessional Ethics in auditing relative books
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2010
Can a chartered accountant audit the books of a pvt company in which his patners relatives are both shareholder and directors. Is it against professional ethics.
24 June 2010
The member should desist from audit of such company. However if he feels that his independence will not be compromised , he can audit the accounts but he should disclose this fact along with the report.
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