Audit

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kusum soni

kusum soni (Querist)
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12 October 2013 who can do an audit of c.a. firm???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 October 2013 Only a charrtered accountant as per CA Act,1949 in practice can do audit of ca firm.

Ganeshbabu K

Ganeshbabu K (Expert)
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12 October 2013 A chartered accountant in practise who is eligible to appointed as tax auditor

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 October 2013 There is no statutory requirement for audit of a partnership firm.

A CA firm is required to appoint a tax auditor only if under 44AB is applicable.

Section 44AB use the word "accountant" which, though not defined in the Act as such, finds reference in Form 3CA/3CB as "Chartered accountant within the meaning of the Chartered Accountants Act, 1949 (38 of 1949)"

However, form 3CA/3CB also allow audit by:

(i) any person who, in relation to any State, is, by virtue of the provisions of sub-section (2) of section 226 of the
Companies Act, 1956 (1 of 1956), entitled to be appointed to act as an auditor of companies registered in that State; or

(ii) any person who is, by virtue of any other law, entitled to audit the accounts of the assessee for the relevant previous
year.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 October 2013 The word "Accountant" has been defined under sec 288(2)(b)of income tax act,1961 which means Chartered Accountant as defined under Chartered Accountants Act ,1949.

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