Can a ca son of a trustee audit a charitable trust?

Stat Audit 1670 views 5 replies

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?

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

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


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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