auditor can take goods & services on commercial basis from client if following cumulative conditions are satisfied
1. client should be in hospital / hotel / airline / telecom or similar business
2. these things are taken in ordinary course of business
3. they are at arms length (fair) price
Eg ca firm can have official meetings on regular basis in hotel operated by client audited
My Q is that, is it just restricted to 4 businesses : Hospital,Hotel, Airlines & Telecom or not ?