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Audit of assessee (not company)

JAY KHARA (7 Points)

23 August 2018

can CA do audit of the entity where his father is an accountant ?

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7 Replies

shiksha soni (job) (277 Points)
Replied 23 August 2018

no, as per ethics a CA cannot audit.

JAY KHARA (7 Points)
Replied 23 August 2018

Can you tell under which clause of ethics

shiksha soni (job) (277 Points)
Replied 23 August 2018

I need to check. but there was an example that even if father of your article is accountant than also you can't audit.

JAY KHARA (7 Points)
Replied 23 August 2018

accounting done not as employee but as professional then also same thing applicable ?

RUTWIK ANTRE (12 Points)
Replied 24 August 2018

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

Mind Miracles (2 Points)
Replied 30 August 2018

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.