Santosh ChoudharySantosh Choudhary asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

When conflict of interest arises, the options available to a firm/Network firm when the firm/Network firm has a direct financial interest/Indirect financial interest in a Financial Statement Audit Client/ or a client that is not a Financial Statement Audit client are:
(a) Dispose off the interest
(b) Dispose off a sufficient amount of the interest so that the remaining interest is no longer material; or (c) Withdraw from the audit.

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