Investment advisory serivces
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2015
Dear Sir,
We know that an independent auditor should not provide certain non-audit services to the client and one among them is investment advisory services.
If an independent auditor is giving some presentations ( Projections of profitability, cash flow etc of the client ) before the prospective investors ; would it be considered as in the nature of investment advisory service ?
Kindly explain.
Thanks in advance for all your inputs.
We know that an independent auditor should not provide certain non-audit services to the client and one among them is investment advisory services.
If an independent auditor is giving some presentations ( Projections of profitability, cash flow etc of the client ) before the prospective investors ; would it be considered as in the nature of investment advisory service ?
Kindly explain.
Thanks in advance for all your inputs.
13 May 2015
if he is getting paid for same then it will be investment advisory services
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