Private ltd. co. - statutory audit
This query is : Open
18 August 2014
Can a CA wife in her independent professional capacity do statutory audit of a private limited co. where her husband is the managing director, by disclosure in audit report? Kindly advice! Thank You!
20 August 2014
No. She is not qualified under the Companies Act to conduct audit of such company. Disclosure in audit report does not come into question.
21 August 2014
Thanks, can you kindly advice the relevant sec/clause under the Act?
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