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Question ID : 33799

Acceptance of Stock Audit Assignment of Cooperative Bank

A is appointed as Stock Auditor by an Cooperative Bank ( Scheduled Bank) . Mr A have Educational loan for his child with the same cooperative Bank . Can A accept the said appointment as stock Auditor

Posted by CA. SHIRODKAR YESHWANT VINAYAK on Sep 08, 2018

Filed Under MISC.

Answer ID : 85349

No, as a prudence practice avoid such assignment or better disclose the same in acceptance letter the same

Posted by SURAJ KUMAR CHOUDHARY on Mar 12, 2024