Ethics
This query is : Resolved
29 November 2019
Can a chartered accountant lend money? If they do so by asking their spouse (who is not a qualified CA) to lend money to a firm for which he himself is an auditor and the spouse too is working for that firm performing the audit and routinely does consultancy for the firm to whom the money has been lent - is that a conflict of interest? Also, if both the CA and spouse (non CA) share a joint bank account and are also collecting the audit fees and the interest on the loan in the same bank account from the same firm - does that make the lender and the auditor one and the same person (there is apparently no firewall)?
Are there any violations that have been committed? What is the nature of the violations? What is the punishment under ICAI?
Are there any violations that have been committed? What is the nature of the violations? What is the punishment under ICAI?
03 December 2019
if c a's spouse has lent money to a firm then ca can not be an auditor of that firm.Besides his spouse isa consultant for that firm so independence of ca is affected is affected
Rest of the issues have noproblem like joint account
Rest of the issues have noproblem like joint account
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