Audit of ca firm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 August 2018 A IS PARTNER IN ABC, Chartered Accountant & XYZ Chartered Accountant. Can ABC Chartered Accountant Audit the Account of XYZ, Chartered Accountants.

Sanket

Sanket (Expert)
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25 August 2018 No he can't. It will be against both the principle of his audit and violation of rules of Icai(Professional misconduct as per icai act). Also as per companies act the company will be at default if done so. He cannot even audit in companies where he is related or any important position is held by his related persons. You can refer companies act for disqualification of auditors and icai act for professional misconduct by Ca for the same.

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