communication with previous auditors
This query is : Resolved
RAJIW KUMAR SINHA
(Querist)
14 February 2010
Is communication with privious auditor is must before taking up the TAX AUDIT of Proprietory firm?
14 February 2010
Yes, it is must...
Note: As per clause 8 of Part-I of First Schedule to the Chartered Accountants Act, 1949, a CA shall be deemed to be guilty of professional misconduct, "if he accepts a position as auditor (statutory, internal, tax auditor, concurrent auditor) which was previously held by another CA or restricted state auditor without first communicating with him in writing".
Hence, communication with previous auditor is must....
Note: As per clause 8 of Part-I of First Schedule to the Chartered Accountants Act, 1949, a CA shall be deemed to be guilty of professional misconduct, "if he accepts a position as auditor (statutory, internal, tax auditor, concurrent auditor) which was previously held by another CA or restricted state auditor without first communicating with him in writing".
Hence, communication with previous auditor is must....
14 February 2010
Yes it is a must. Pl see page 139 of Guidance Note on Tax Audit u/s 44AB of the IT Act, an ICAI publication, 1999 edition.
Rahul Gupta
(Expert)
14 February 2010
Agree. It is must..
CA Ravi Sisodia
(Expert)
14 February 2010
Yes, it is must.
sivadas chettoor
(Expert)
15 February 2010
You must take NOC.
CMA Ramesh Krishnan
(Expert)
16 February 2010
yes.it is must
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