Abhas GoelAbhas Goel asked 2 years ago
3 Answers
RaviRavi Staff answered 2 years ago

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 

Auditaudit Staff answered 2 years ago

My Q is that,  is it just restricted to 4 businesses : Hospital,Hotel, Airlines &  Telecom or not ?
 

RaviRavi Staff answered 2 years ago

yes only these 4 and such other business
that means hotel / restaurant / food joint 
hospital / clinic / pathalogy
airlines / helicopter
telecom / broad band etc

Call Back Request