Auditor Disqualification Due to Relatives' Stocks

Your relative's stock market habit could get you fired as a company's auditor. Under corporate

law, if your relative holds shares with a face value over one lakh rupees

in a company you audit, you're disqualified. You get a 60-day grace period to

fix the situation, but after that, you could lose the job. It's not just about

stocks. If you, your partner, or a relative owe the company more

than five lakh rupees, you're also out. Auditors are even banned from providing other services like

accounting or investment advice to the same client. It's all about independence.