whether an auditor is permitted to conduct TAX AUDIT of His / Her IN LAWS file ? Is ther ANY KIND OF LEGAL BAR?
As per council decision--" where the partner or Relative of a member has substanial interst "-- the Auditor should prefer to desist from undertaking such audit assignments or if the auditor feels that his independence will not be effected he may disclose such interset in his report.
However here relative includes husband, wife, brother , sister and any lineal ascenndant or descendant of the member but no where mentioned about IN LAWS.
So we think ther is no bar for a member to accept TAX AUDIT of his/Her IN LAWS Accounts .
PLEASE GUIDE WHETHER OUR ABOVE VIEW IS CORRECT OR NOT.
WHETHER AN AUDITOR IS PERMITTED TO CONDUCT TAX AUDIT OF HIS/HER INLAWS ACCOUNTS ????
WHAT IS THE PROVISION FOR INTERNAL AUIT ( non corporat ) OF IN LAWS A/CS???
2006-11-18
00:52:23
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3 answers
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asked by
SOUMYA JYOTI m
2
in
India