Can same person perpare a/c. and audit of society

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CA Devanand Jethanandani (Querist)
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26 April 2014 Hi Experts,

Can the same person prepare accounts and conduct audit as well of the co-operative society ?

Thanks

Piyush Bothra

Piyush Bothra (Expert)
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27 April 2014 Not only for society but for any other entity a CA cannot prepare accounts for which he is an auditor, as per our professional ethics. However for a small entity this is not a practical approach. But sadly the guidelines are similar for all entities. Bothra_piyush@yahoo.com

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