Indepependence of mind and appearance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2016
sir,can you please explain with an example what is the difference between independence of mind and independence in appearance of an auditor ?
Guest
Guest
(Expert)
12 July 2016
If Auditor & his brother are separated from many years i.e. their relation is ended.
But people see them as real brothers.
This is NOT independence in appearance.
Independence of mind means Auditor & other party do NOT relate in any manner whether by way of blood or professional relations(profit sharing).
Hence an Auditor should be & should appear to be Independent.
But people see them as real brothers.
This is NOT independence in appearance.
Independence of mind means Auditor & other party do NOT relate in any manner whether by way of blood or professional relations(profit sharing).
Hence an Auditor should be & should appear to be Independent.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
