Can stock audit be done of bank where housing loan taken

CA. Abhinav (CA) (47 Points)

24 October 2013  

CAN HOUSING LOAN BY PARTNER BE TAKEN FROM A BANK WHERE CA FIRM HAS TO CARRY OUT STOCK AUDIT.          

I THINK THAT WE CANNOT ACCEPT STATUTORY BRANCH AUDIT IF ANY TYPE OF LOAN IS TAKEN BUT NOT IN CASE OF STOCK AUDIT/INSPECTION AUDIT.

WOULD BE HIGHLY OBLIGED IF ANY ONE COULD PROVIDE GUIDANCE IN THE SAID MATTER.

THANKS