Can a member in practice provide 'management and other services' to a related party or say a family business?
what are the list of services included in management and other services?
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Professional ethics
Replies (1)
IF YOUR IDENTITY IS A PROFESSIONAL CA YOU CAN RENDER MANAGEMENT SERVICES TO YOUR FAMILY BUSINESS AFTER ALL TWO ROLES ARE DIFFERENT BUT ENSURE YOU CANNOT BE IN PRACTICE IF YOU ARE AN OWNER OF YOUR FAMILY BUSINESS AS SOME MANAGER OF FAMILY BUSIESS , THAT IS CALLED TRANSPARENCY ELSE YOU WILL FLOUT ETHICS OF YOUR PROFESSION PLEASE!
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