Section 324CE- CH lists specific conditions of contraventions of the independence requirements. The specific conditions include circumstances where the auditor:

Question

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All of the above conditions listed in section 324CE- CH are contraventions of the independence requirements for auditors. Being an audit-critical employee or an officer of the client company creates a conflict of interest that could lead to biased decisions and compromised objectivity in the audit process. Similarly, having an investment in the company could hinder the auditor's ability to remain impartial and unbiased in their assessment of the company's financial statements.

Section 324CE- CH Lists Specific Conditions of Contraventions of the Independence