CA Rakesh Ishi
Quick Summary
Donts 1. CA in practice shall be deemed to be guilty of professional misconduct, if he expresses his opinion on financial statements of any business or any enterprise in which he, his firm or a partner in his firm has substantial interest 2. A member is a director of a company the financial st
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FAQ :
A CA is guilty of professional misconduct if they express an opinion on financial statements of a business or enterprise in which they, their firm, or a partner has a substantial interest.
No, a member who is a director of a company cannot undertake the audit or express an opinion on its financial statements.
No, the CA Act explicitly prohibits an auditor from writing the books of accounts of their auditee clients.
A member in practice is not qualified to be appointed as the statutory auditor of one subsidiary if they are the internal auditor of another subsidiary of the same holding company.
A member in practice or their firm cannot accept an appointment as auditor of a concern while indebted to it or providing security related to its debtors for amounts exceeding Rs. 10,000/-.
The signboard should be of a reasonable size, and the use of glow signs or large boards similar to those used by traders is not considered proper.
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