can a CA/CA firm accept audit of an entity where his (auditor's) team includes a person who has been / who is employee of that entity?

1 answer

Ravi Staff May 28, 2018

Yes 
Disqualifications are only for partners of CA Firm
They are not designed from point of view of team members
so legally yes its possible to accept, 
but there is guidance note on independence who says go beyond law and think carefully in circumstances which can affect independence.
in exams first write legal point of view and its conclusion and then explain guidance note point

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