QuestionsCategory: Co. Audit - ICA act mein allowed to provide management consultant and other service but 144 prohibits, if CA in practice provides management consultant service whether guilty under clause 9 of 1 sch?
AbhishekAbhishek asked 6 years ago
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1 Answers
RaviRavi Staff answered 6 years ago

CA in practice provide management consultancy services to his clients, its not a misconduct.

CA in practice who is auditor of company cannot provide management consultancy to same company as prohibited under Sec 144.

Conclusion only auditor is prohibited to give management consultancy service not all CAs are prohibited.
Clause 9 is not relevant here as it should be seen only for appointment related compliance.