Qualification of an auditor

This query is : Resolved

elangovan (Querist)
Follow

10 May 2012 Can a Chartered Accountant Holding Certificate of Practice be Self Employed (i.e carry on some Business) as well as Be an Auditor?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

10 May 2012 If a CA carries on any business other than the profession of CA, he shall be deemed to be guilty of professional misconduct.

If he wishes to carry on any other business he has to obtain prior permission of ICAI.

CA PRAVEEN SINGH

CA PRAVEEN SINGH (Expert)
Follow

10 May 2012 Read sec 226 of the companies act.
QUALIFICATION & DISQUALIFICATION OF AUDITORS.

AUDITOR MUST BE CA AS PER CA ACT(1949)& HOLDING COP(CERTIFICATE OF PRACTICE)CAN BECOME AUDITOR OF COMPANY.

Upgrade to CAclubindia Pro. Subscribe Now!