Appointment of auditor for a charitable trust

This query is : Resolved

Quick Summary

This discussion addresses whether the spouse of a charitable trust president can be appointed as the trust's auditor, even if they are not a trustee. The consensus is that auditor independence is crucial for financial reporting integrity and public trust. One participant questioned the query's basic nature, referencing professional ethics, while another defended the need for clarification through discussion.

CA RANGA

CA RANGA (Querist)
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17 February 2025 Can a spouse of the President of a charitable trust be appointed as auditor of that same charitable trust.
The auditor is not a trustee in the charitable trust.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 February 2025 No, Auditor's independence is important to maintain the integrity of financial reporting and promote public confidence.

CA RANGA

CA RANGA (Querist)
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18 February 2025 Thanks for your advice. Appreciating your timely support

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 February 2025 You are welcome..
...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 February 2025 sometimes I really wonder with this type of queries. Did you not study the basic Professional Ethics in CA final?

CA RANGA

CA RANGA (Querist)
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18 February 2025 Even though you study very much, at times certain things will not be clear unless you discuss to get the things clarified.
If you are no able to provide any answer better be quiet. don't post comments like this. Give respect and take respect.
I can also revert with some comments but not good

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 February 2025 i will stand by my comment. you can freely use whatever language suits you.

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