CA KARTHIK (CHARTERED ACCOUNTANT) (189 Points)
14 July 2009I am a newly qualified CA and my Dad is a CA doing practise since 30 years. I joined as a Finance Manager in one of the client companies of my father as there was a heavy requirement. of a CA.
Can Father Audit the accounts of the company prepared by Son....Both are competent in their professional capacities. One as an auditor and other as a Finance Manager.
Please suggest in view of Disqualification of Auditor and Professional Ethics.
CMA.Devarajan Swaminathan
(ACMA)
(1067 Points)
Replied 14 July 2009
This is a personal opinion. To avoid conflict of interest it is always better not to conduct audit of such a company. At least make a disclosure of the same.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 15 July 2009
Agree with Mr. Swaminathan.
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 15 July 2009
LEGALLY THERE IS NO VIOLATION/ DISQUALIFICATION
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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