CA Inter P2 · Chapter 9 · Question 8 of 11
Under section 144, which of the following services can a company's statutory auditor provide to it, with approval of the Board or audit committee?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Representation of the company in income-tax assessment proceedings
Explanation
Section 144 lists services an auditor cannot provide directly or indirectly to the company, its holding company or subsidiary. These are accounting and book-keeping, internal audit, design and implementation of financial information systems, actuarial services, investment advisory, investment banking, outsourced financial services, management services and other prescribed services. Taxation representation is not in the list, so it is permitted with the approval of the Board or audit committee.
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