Hello,
Can a son(who is a CA) of a trustee audit a charitable trust? Just FYI, there are 11 trustees in the particular trust. Or is he disqualified?
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Can a ca son of a trustee audit a charitable trust?
Replies (5)
Hi,
If your father is the trustee of the charitable trust. you cannot audit the charitable trust.
Experts If i am wrong pls correct me.
Balaji
| Originally posted by : Balaji Sarangarajan | ||
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Hi, If your father is the trustee of the charitable trust. you cannot audit the charitable trust. Experts If i am wrong pls correct me. Balaji |
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Any particular section in Bombay Public Trusts Act which deals with this? If what you're telling is true, Is there any work-around for the same?
Though there is no statutory embargo,prudence does not permit to do so.
kkm
if his father is a member of the trust, can a son (who is a CA) can do audit of such trust
He should be allow, because CA is independent body and he is excersing his knowledge to do the audit.
and he also giving true and fair picture of financial statement.m
Also ICAI must be think on the same and allow CA to do audit of relative.
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