TaxTMI 
TaxTMI 
Whether a son of director can audit account of company in which son's father is director???
Audit of accounts - son of a director
30 Sep 2009 
2 Replies 
1184 Views Asked by
Auditor independence: relatives of directors cannot perform statutory audits but may do non statutory or internal audits if competent.
Whether a director's son may audit the company depends on auditor independence: relatives should not perform audits requiring independence (such as statutory external audits), but may undertake internal, limited, or non-statutory assignments if competent and conflicts are managed. (AI Summary)
Whether a director's son may audit the company depends on auditor independence: relatives should not perform audits requiring independence (such as statutory external audits), but may undertake internal, limited, or non-statutory assignments if competent and conflicts are managed. (AI Summary)