QuestionsCategory: Co. Audit - IWhat if auditor procures goods and services at price which is not arms length price? 1) in case of H2AT Companies and 2) in case of other companies
Sarvesh KoushikSarvesh Koushik asked 6 years ago
1 Answers
RaviRavi Staff answered 6 years ago

auditor can do commercial transactions with client only in H2AT companies + it should arms length and ordinary course of business
commercial transactions cannot be done in other sectors