Chandan Singh (Professional) (270 Points)
22 June 2010Can 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
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
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