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Audit of assessee (not company)
can CA do audit of the entity where his father is an accountant ?
Replies (7)
no, as per ethics a CA cannot audit.
Can you tell under which clause of ethics
I need to check. but there was an example that even if father of your article is accountant than also you can't audit.
accounting done not as employee but as professional then also same thing applicable ?
According to section 141 of companies Act 2013, Auditor is restricted from auditing a company only if his relative holds shares more than face value of 100000 or is a key managerial person or both in the company
According to section 141(3)(f) under disqualification of auditor Where relative is a director or key managerial personnel.whereas, Relative includes Father,Mother,Brother,Sister,Daughter,Son & Spouse.
According to companies act,2013 CA cannot do audit where his father is an accountant.
According to companies act,2013 CA cannot do audit where his father is an accountant.
this is not a case of company I am asking about non company entity
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