SEC 141(3)(F) – Auditguru

Questions › Category: Co.Audit - II › SEC 141(3)(F)

AS PER SEC 141(3)(F) A PERSON WHOSE RELATIVE IS A DIRECTOR OR KMP IS DISQUALIFIED SO FOR EXAMPLE ABC FIRM OF CHARTERED ACCOUNTANTS IS PROPOSED TO BE APPOINTED AS AUDITOR OF XYZ LTD. MR G IS CFO OF XYZ LTD AND HIS DAUGHTER IS DOING ARTICLESHIP FROM ABC FIRM SO WHETHER ABC FIRM WOULD BE DISQUALIFIED OR NOT

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Ravi Staff answered 4 years ago

all company act / ca act disqualifications are from proprietors / partners of ca firm
as per SA 220 auditor to take appropriate steps to ensure ethics and independence while accepting audit but there is no prohibition for above situation