CMA Intermediate · Business Laws and Ethics · Operational and Financial Control
Which of the following is NOT among the services expressly listed in Section 144 as prohibited for a statutory auditor?
Statutory audit of the annual accounts is not prohibited, because it is the auditor's core appointed role. Actuarial, investment banking and management services are all expressly listed in Section 144 as services an auditor must not provide to the company.
- AActuarial services
- BInvestment banking services
- CManagement services
- DStatutory audit of the company's annual accountsCorrect
Explanation
Section 144 lists accounting and book keeping, internal audit, financial information system design, actuarial, investment advisory, investment banking, outsourced financial services and management services, plus other prescribed services. Statutory audit is the auditor's own function and is not a prohibited service.
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