09 October 2013
i have done tax audit of a individual client.client said that no previous audit fee unpaid. some other fee also not unpaid . I have not took noc from previous auditor.Is there any professional misconduct on me and what type penalties on me.
10 October 2013
Please not that the requirement for communicating with the previous auditor would apply to all types of audits viz., statutory audit, tax audit, internal audit, concurrent audit or any other kind of audit.
Not doing so would amount to professional misconduct.