Can a Auditor do Audit of His Brother's Firm or co.. OR any Firm in which his Relative Works as a employee,directors, etc. I read that he can do by disclosed his relation but somebody told me that ICAI restricted for doing audit. Whats the correct answer plz. give
4 Replies
malli and Nag
(CA)
(119 Points)
Replied 22 June 2010
u r correct but indipendency will effect when the auditor gave the report
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 22 June 2010
yes u are right dear there is restriction not prohibition.we can do it by disclosing our relationship with that employee or director even a son can do audit of his father firm.
manish dubey
(icai)
(23 Points)
Replied 22 June 2010
D T C KYA HAI ? IPCC KE NOV ATTEMT MAIN KYA ASAR PADEGA?
Recent Topics
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
Related Threads
CAclubindia
