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statutory as well as tax audit

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(Querist)
04 March 2017 can a chartered accountant accept parallel position i.e. tax audit as well as statutory audit ?
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CA S K MISHRA

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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

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prince verma (Querist)
04 March 2017 then do they prepare separate financial statements ? or only depreciation chart will effect
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CMA Ramesh Krishnan

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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.
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prince verma

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prince verma (Querist)
05 March 2017 thanku sir
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