auditor substantial interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2011
can a CA audit the company where his wife holds 60% of shares and 40% is held by his father.
if so should he disclose the relationship in the audit report.
if so should he disclose the relationship in the audit report.
14 May 2011
The CA cant audit the firm or company in which he or his relatives have interest, not necessarily substantial interest. He cant audit the above company, if his relative have just one share in it.
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