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Proffessional Ethics in auditing relative books

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2010 Can a chartered accountant audit the books of a pvt company in which his patners relatives are both shareholder and directors. Is it against professional ethics.
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deepak K Gujrati

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deepak K Gujrati (Expert)
24 June 2010 The member should desist from audit of such company. However if he feels that his independence will not be compromised , he can audit the accounts but he should disclose this fact along with the report.
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