Tax auditor related party

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CA study (Querist)
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29 January 2025 Hello
As a tax auditor can I do audit of a firm in which my dadaji's bhabhi is proprietor and also a firm in which my dadaji's brother's grandson is proprietor
Please answer of both queries

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 January 2025 ideally you should not take up such assignments. But if you do, as per the ICAI guidance note, you need to disclose your interests in your audit report.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 January 2025 He should not sign the audit report us 44AB of that firm. Being a relative, he should not accept that audit as per code of ethics of ICAI.
The above mentioned persons will not fall under relatives under income tax hence tax audit can be done for the firms.

CA study

CA study (Querist)
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27 April 2025 As in this case it not comes under ther defination of relative whether I shout do it or not please give answer

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 April 2025 You can do tax audit in this case.

CA study

CA study (Querist)
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27 April 2025 Thank you very much sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 April 2025 You are welcome..
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