Prohibition to undertake the assignment of Audit and Accounting work together for the same entity

It has come to the knowledge of some members that certain entities , while inviting tenders for services of Chartered Accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor. Members are hereby advised not to undertake such assignment since it is violative of the provisions of ‘Code of Ethics’ and ‘Guidance Note on Independence of Auditors’ for auditor of an entity to do book keeping work of the entity. The said prohibition in the case of companies is also mentioned in Section 144 of
the Companies Act, 2013.