If a Chartered Accountant does Income Tax audit and Financial figures certification of his own father's business establishment and also the said Chartered Accountant is Authorised Signatory of his father's same business establishment.Then which professional misconduct restricts the Chartered Accountant to do the above mentioned activities . Please advise
2 Replies
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36365 Points)
Replied 24 May 2023
Seems like CA can not do any related party assignments
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 03 June 2023
It is a misconduct as per clause 4 part 1 of the second schedule of professional ethics
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