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Can auditor prepare policy&procedures for the client?

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2014/02/10
مستخدم محذوف‎
من قبل مستخدم محذوف‎

he should not. to maintain his objectivity

Ziauddin Raziuddin
من قبل Ziauddin Raziuddin , Senior Accountant , Unimar Trading Co. LLC

No. Its a job of higher management  to design companies policies and procedures.

However, auditors can take it as an special assignment to develop standard policies and procedures and authority matrix.

Waleed Soliman
من قبل Waleed Soliman , financial and admin manager , Almana International Group

noi

Adnan Ameen Bakather
من قبل Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

Auditor can do that but it depends on the rules and regulations. Regulations in certain countries do not allow such services to be extended to client. For example, in US, the consultation services by the auditor to clients are banned according to SOX  after Enron and Arthur Anderson.  

mukkur srinivasan varadhan
من قبل mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Policies are the expectation of the Management.Procedure is the way to achieve it. Auditor should not prepare the policies and procedures of the client which he audits.

Divyesh Patel
من قبل Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

No, it is not advisable for auditor to prepare policy & procedures for the client. The main reason is conflict of interes.

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