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Auditor's independence under Section 144 of Companies Act 2013 - the auditor of a company cannot provide:
AAuditor's personal income tax
BAny service to relatives of directors
CSpecified non-audit services (accounting, internal audit, design of FIS, actuarial, investment advisory etc.) to the company, its holding/subsidiary
DTax filing for the company's tea vendor
Answer & Solution
Correct answer: D. Tax filing for the company's tea vendor
1. Section 144 lists prohibited non-audit services to ensure independence.
2. Includes accounting, internal audit, design of FIS, actuarial, investment advisory.
3. Applies to company, holding, subsidiary.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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