Services can't be provided by a CA to the company
This query is : Resolved
17 March 2020
Apart from auditing, can a CA charge consultancy fees to a company?
17 March 2020
As per the regulations a firm which is a statutory auditor of any company or bank cannot do any other work and earn from it.
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17 March 2020
Section 144 of the Companies Act, 2013 provides that an auditor shall provide to the company only such services those are approved by the Board of Directors or the audit committee, as the case may be but shall not include the following services rendered “directly or indirectly” to the company or its holding company or subsidiary company, namely:—
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) services prescribed under the Rules
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) services prescribed under the Rules
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