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Doing audit and signature by non-ca person

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Practitioner
15 Points Posted on 27 March 2017
Could someone suggest me, What will be penalty if a non CA person is doing audit or doing signature on the audit report. Under which section and ACT this fraud is covered.
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On 27 March 2017 at 15:42 Report
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Tax Consultant
1029 Points Posted on 27 March 2017
Audit can be conducted by a person who is not a CA. The fraud need not be covered under any section. Only who are CAs are allowed to sign under VAT, Income Tax Act and Companies Act. If someone else sign, he can eat free food issued by the government under Indian Penal Code.
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On 27 March 2017 at 16:34
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Practitioner
15 Points Posted on 27 March 2017

Thanks for you reply,

And do have knowlede of section number. Or any penalty under CA act (seciton)

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On 27 March 2017 at 18:58
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Tax Consultant
1029 Points Posted on 27 March 2017
I don't think they need to mention it in the Chartered Accountants' Regulations. They are applicable to members. And to an extent to students also. Here the victim is someone outside the box. That's why I told you that, it may come under Penal Code.
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On 27 March 2017 at 19:32


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