CA Srikanth Yadav (Chartered Accountant) (3162 Points)
08 June 2012I have noticed (from the Annual Report of ICAI) that the Auditors of ICAI and its regional offices are Chartered Accountants!
I don't understand as to how can a person audit the accounts of an Organisation in which he is a member! Doesn't that affect his independence?
Aairathan
(CA Final)
(73 Points)
Replied 08 June 2012
External auditors are considered independent. This type of membership does not affect independence.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
