12 April 2013
CA is appointed as auditor in a company in which his partner or wife is having substantial interest. Can he express his opinion on such financial statement by disclosing his interest in his report? or he is totally not allowed to express his opinion?
12 April 2013
According to the section 226 of the Companies act such CA is not qualified to appoint as an auditor of such company. So he is totally not allowed to express his opinion or to act as an auditor.