04-22-2010, 12:12 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by kamranACA</i>
<br />CA firms are not only the Auditors every where. These can also be the consultants or tax advisors some where.
As far as audit is concerned, the auditor cannot do any management function at all and cannot derive the management decisions as well, yet, in the concept of value added services put in the important issues with recommendations in his Board letter or Management Letter, if the issue do not have a bearing to his report.
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Thank you for your reply Sir!I asked the above question because the partner at the start of the interview mentioned that he would ask auditing questions so I assumed(perhaps wrongly) that the question put to the candidate in the interview was in the context of an audit engagement and therefore,the reply should have been on the lines that it was not the auditor's duty to advise at all.
<br />CA firms are not only the Auditors every where. These can also be the consultants or tax advisors some where.
As far as audit is concerned, the auditor cannot do any management function at all and cannot derive the management decisions as well, yet, in the concept of value added services put in the important issues with recommendations in his Board letter or Management Letter, if the issue do not have a bearing to his report.
Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Thank you for your reply Sir!I asked the above question because the partner at the start of the interview mentioned that he would ask auditing questions so I assumed(perhaps wrongly) that the question put to the candidate in the interview was in the context of an audit engagement and therefore,the reply should have been on the lines that it was not the auditor's duty to advise at all.