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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