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August 7, 2012

Member in employment cannot perfom ISA attestation

The Council in this connection clarified that the Attest function would cover services pertaining to audit, review, certification, agreed upon procedures, and compilation, as defined in the Framework of Statements on Standard Auditing Practices and Guidance Notes on Related Services published in the July, 2001 issue of the Institute’s Journal.”
   In view of the above provisions, a member in practice is not allowed to engage in any other business or occupation other than the profession of chartered accountants except with the permission of the council. Further, a member of the Institute while attesting / certifying any document as Information System Auditor shall be deemed to be in practice.  

As per clarification received via letter no 29-CA/ESB-232 (R636)/2012 dated  Jul 31, 2012  received from Ethical Standard Board. 

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