BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
Why are auditors prohibited from providing actuarial services under Section 144?
1
It conflicts with their independence.
2
To avoid competition with internal actuarial teams.
3
These services are typically managed by company consultants.
4
Auditors may not possess adequate expertise in actuarial services.
5
To minimize the operational cost of the company.