Services which can’t be provided by Statutory Auditors


By VRP

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As per SEC 144 OF THE COMPANIES ACT 2013 Auditor ought to not render the following services to the customer where he is appointed as the statutory auditor Here we are supplying completed details for “Solutions which can’t be provided by Statutory Auditors like– List of Services which can’t be provided by Statutory Auditors etc. Now you can scroll down below and examine complete details for “ Services which can’t be provided by Statutory Auditors”

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Solutions which can’t be provided by Statutory Auditors

As per SEC 144 OF THE COMPANIES ACT 2013 Auditor need to not render the following services to the customer where he is designated as the statutory auditor. Usually Board of directors and/ or audit committee will choose the services to be supplied by the auditor throughout the duration of his consultation. But these services can not include the following which remain in a such a way that the self-reliance of the auditor gets affected.

S.No Provider
1 Accounting services
2 Book keeping services
3 Actuarial services
4 Internal audit
5 Any services connected to create & execution of monetary info system
6 Investment advisory services
7 Financial investment Banking services
8 Outsourced fnancial services
9 Management services

As per This section not only the auditor himself but the following individuals likewise can not supply the above specified services to a business or its subsidiary or holding business in which that person is selected as an auditor:

In case auditor is a Person

1 His/her loved ones
2 An entity in which the such individual( auditor) workout substantial power
3 Any other person gotten in touch with the auditor

In case an audit company is selected as auditor

1 Partners in their specific capability
2 Associate of the audit company
3 Any other entity in which the partners/ audit company works out substantial power

For the purpose of this section loved ones include:

Services which can't be provided by Statutory Auditors relative

The term relatives does not consist of the following:

Services which can't be provided by Statutory Auditors relative not

Services mentioned above need to not be provided to the following also:

Services which can't be provided by Statutory Auditors

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