Prohibition on tendering for reserved audit services: members must not bid unless tender prescribes minimum fee or allows others. Members in practice are prohibited from responding to tenders for services exclusively reserved for chartered accountants, such as audit and attestation, except where the tender prescribes a minimum fee or where the services are open to other professionals; the guideline takes immediate effect and imposes an immediate compliance obligation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on tendering for reserved audit services: members must not bid unless tender prescribes minimum fee or allows others.
Members in practice are prohibited from responding to tenders for services exclusively reserved for chartered accountants, such as audit and attestation, except where the tender prescribes a minimum fee or where the services are open to other professionals; the guideline takes immediate effect and imposes an immediate compliance obligation.
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