Can Chartered Accountant be Tax Auditor of Proprietory Firm of its Dad business? or of its Uncle Proprietory Firm?. Can someone guide with relevant section or governing law for It?
3 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 14 August 2017
yes he can be. there's no such bar in case of proprietary concerns unlike which is prohibited under the companies act
SHANU SHANKLESHA
(ca)
(58 Points)
Replied 14 August 2017
Okay. Thank you for the guidance. I just want to clearify as it wont be againts Professional Ethics?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 14 August 2017
no nothing is unethical in this as far as the proprietary concern is not in anyway related to any company in which case the tax auditor needs to be cautious while conducting the audit of the proprietary concern
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