statutory as well as tax audit
This query is : Open
prince verma
(Querist)
04 March 2017
can a chartered accountant accept parallel position i.e. tax audit as well as statutory audit ?
CA S K MISHRA
(Expert)
04 March 2017
Yes, a CA can conduct both statutory audit as well as Tax audit of same organisation.
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prince verma
(Querist)
04 March 2017
then do they prepare separate financial statements ? or only depreciation chart will effect
CMA Ramesh Krishnan
(Expert)
04 March 2017
Yes, CA can do both for same company, but financials statement is only one under companies act, he has to make the modifications as per tax audit requirement like depreciation and other disallowance and allowances etc.
prince verma
(Querist)
05 March 2017
thanku sir
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