Services which can’t be provided by Statutory Auditors. As per SEC 144 OF THE COMPANIES ACT 2013 Auditor should not render the following services to the client where he is appointed as the statutory auditor Here we are providing completed details for “Services which can’t be provided by Statutory Auditors like – List of Services which can’t be provided by Statutory Auditors etc. Recently we provide complete details for “Deemed Dividend – Section 2(22)(e)“. Now you can scroll down below and check complete details for “Services which can’t be provided by Statutory Auditors”
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Services which can’t be provided by Statutory Auditors
As per SEC 144 OF THE COMPANIES ACT 2013 Auditor should not render the following services to the client where he is appointed as the statutory auditor. Generally Board of directors and / or audit committee will decide the services to be provided by the auditor during the period of his appointment. But these services can not include the following which are in a such a way that the independence of the auditor gets affected.
| S.No | Services |
| 1 | Accounting services |
| 2 | Book keeping services |
| 3 | Actuarial services |
| 4 | Internal audit |
| 5 | Any services related to design & implementation of financial information system |
| 6 | Investment advisory services |
| 7 | Investment Banking services |
| 8 | Outsourced fnancial services |
| 9 | Management services |
As per This section not only the auditor himself but the following persons also cannot provide the above stated services to a company or its subsidiary or holding company in which that person is appointed as an auditor :
In case auditor is an Individual
| 1 | His/her relatives |
| 2 | An entity in which the such individual(auditor) exercise significant power |
| 3 | Any other person connected with the auditor |
In case an audit firm is appointed as auditor
| 1 | Partners in their individual capacity |
| 2 | Associate of the audit firm |
| 3 | Any other entity in which the partners / audit firm exercises significant power |
For the purpose of this section relatives include:
The term relatives does not include the following :
Services mentioned above should not be provided to the following also :
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