Audit

As per Clause 4, Part I, Second Schedule to The CA Act, 1949, A Member in Practice will be held guilty of professional misconduct if he expresses opinion on financial statement of an entity in which he himself, his partner, or his relative is :

i) director

ii) having substantial interest

if he is preparing the accounts of the auditee, or

he is a proprietor or partner in such entity.

NOTE: Substantial interest means voting rights/profit sharing >= 20% at any time during the year

Relative includes: spouse, children, brother, sister, lineal ascendant or lineal descendant

I think you got your answer, you cannot audit accounts prepared by yourself.

Thanks & Regards

Sourav