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Professional ethics (Audit)

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This query is : Resolved

Author : Anonymous

( Author )
03 June 2012

I got this naggindg doubt owing to some info I got from colleagues that last year, the restriction on audit of related concerns has been tightened.
My query is:
"Can a CA do the audit of his near relative's accounts for 2012-13 asst.? I am quite aware that a note is required highlighting the fact of relationship. My question is on the specific situation where the Auditor has absolutely no stake in the Auditee's business, which is a proprietorship concern. Please clarify.


Anand Dubey

( Expert )
03 June 2012

cant do now ,for detail plz check the link http://220.227.161.86/12766Council_General_Guidelines.pdf



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