A____ __A (Student All-ways) (275 Points)
23 May 2010One of my friend made mistake in ITR by not considering FD income amounting to rs. 1.5 lac ...the case fall in scruitiny and now her principal is asking her to pay ( in Rs.) additional tax on 1.5 lac ..
so i want to know weather article assistant can be held liable for their work done ?
if yes that what is requirment of AS " worked perform by others " which a CA should perform?
Please reply..
HITESH
(chartered accountant)
(441 Points)
Replied 23 May 2010
definitely an article assistant will not be liable
auditor will be liable for that work
before signing the return , he must see everything and sign it. when there is nothing contrary
A____ __A
(Student All-ways)
(275 Points)
Replied 23 May 2010
Thanks Mr Hitesh but i am not talking in terms of Audit i am talking about general " Chillar " work that we perform daily like filling & Preparing ITR , TDS Return , 16A , Service Tax & Vat R
santhosh
(CA)
(636 Points)
Replied 23 May 2010
No way ! Article is not liable ask her to file a case against her Principal. He/She will liable for Professional Misconduct.
A____ __A
(Student All-ways)
(275 Points)
Replied 23 May 2010
Justify Me : Get paid Rs 1500/- ( Maximum ) and take responsibilities of Thousands of rupees ...
(False PAN = 10,000 rs = 6.67 months of Stipend )
santhosh
(CA)
(636 Points)
Replied 23 May 2010
Principal is a CHARTERED ACCOUNTANT, he must have checked any document / report / papers before he signs it. If he is casual in signing the report trusting a Budding CA ,Errors are sure to occur and for that The article cannot be made liable.This is because errors are caused by ignorance ,there is no deliberate act involved here.
But if the error is so silly like not filling PAN properly or quoting Wrong PAN / Such non common errors .If this is the case then,i dont support the article because it is not necessary for principal to check whether date has been put properly or PAN has been quoted Properly. One can very well assume that Juniors would have done them correctly.
M. N. JHA
(CA)
(8316 Points)
Replied 23 May 2010
RAKESH
(Almost CA)
(2199 Points)
Replied 23 May 2010
article is not liable... auditor is responsible.
CA.Pravinchandra
(Executive (F&A))
(2387 Points)
Replied 23 May 2010
| Originally posted by : santhosh | ||
 |
No way ! Article is not liable ask her to file a case against her Principal. He/She will liable for Professional Misconduct. |
 |
Article is not responsible..
Varun.T.K
(CA Final, CS Executive)
(365 Points)
Replied 23 May 2010
How can a qualified chartered accountant allege such a claim?
Whatever be the mistake, he is the only one responsible for the same. He can't prove otherwise in any court of law.
Gaurav Kapoor
(student Final)
(205 Points)
Replied 23 May 2010
Article is never liable guys for such mistakes since principal is required to check every thing each n every detail before submition......
Pallavi Mhatre
(SERVICE)
(26 Points)
Replied 23 May 2010
YASH JAIN
(ARTICLE)
(554 Points)
Replied 23 May 2010
Hey yaar please tell ca to refer the auditing standards which clearly specify that ca is liable for work done by others . But he must have reason to believe that work was done in good faith.
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