No.
ICAI/ESB/2014/03
Announcement
on Prohibition to undertake the assignment of Audit and Accounting work
together for the Same Entity
It
has come to the knowledge of some members that certain entities, while inviting
tenders for services of chartered accountants for the assignment of statutory
audit, are mentioning accounting and book keeping related works in the scope of
works required to done by the auditor.
Members are hereby advised not to undertake such assignment since it is violative of the provisions of 'Code of Ethics' and 'Guidance Note on Independence of Auditors' for auditor of an entity to do book keeping work of the entity. The said prohibition in the case of Companies is further also mentioned in Section 144 of the Companies Act, 2013.
Members are hereby advised not to undertake such assignment since it is violative of the provisions of 'Code of Ethics' and 'Guidance Note on Independence of Auditors' for auditor of an entity to do book keeping work of the entity. The said prohibition in the case of Companies is further also mentioned in Section 144 of the Companies Act, 2013.
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