Stock audit of a bank. whether to accept or not?
This query is : Resolved
Guest
Guest
(Querist)
15 July 2013
Dear Sir,
I am a member in practice. I have obtained a mortgage loan from a bank. I want to know whether I can accept appointment as the stock auditor of the same bank. In stock audit the auditor is required to express opinion on the financial statements of the borrower i.e. party of the bank. Stock auditor is not required to express opinion on the financial statements of the bank. So this is not a violation of the professional ethics in my opinion.
Kindly provide your opinion on the matter.
Thanking you.
I am a member in practice. I have obtained a mortgage loan from a bank. I want to know whether I can accept appointment as the stock auditor of the same bank. In stock audit the auditor is required to express opinion on the financial statements of the borrower i.e. party of the bank. Stock auditor is not required to express opinion on the financial statements of the bank. So this is not a violation of the professional ethics in my opinion.
Kindly provide your opinion on the matter.
Thanking you.
19 April 2017
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