Dave RaviDave Ravi asked 7 months ago
1 Answers
Best Answer
RaviRavi Staff answered 7 months ago

To avoid conflict of interest. 
Income tax department has said that statutory auditor and tax auditor cannot do work of valuation of unquoted equity shares.
Icai has asked members to follow the same else it will be professional misconduct. 
Now icai has not specified clause for such announcement.
Now cases of not doing audit with other services are related to independence and hence such cases are covered in under clause 4

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