banner_ad

EXCESS TAX AUDITS - CONSEQUENCES

CA Final 671 views 3 replies

M/s ABC & Co, Chartered Accountants, New - Delhi is a vast expertise audit firm in Delhi. The staff of ABC & Co after completion of the Tax Audit Season ending 15.10.2010 found that their principle have done 46 Tax Audits for the financial year 2009 -10. The auditor signed the reports keeping reliance on their staff. 

Does the auditor have to face any penal or legal consequences? If yes State them

Its happened case...... Experts  -  Please reply urgent !

Replies (3)

its a case of professional misconduct...ICAI will take strict action..

Thanks for comment.

Whether there will be any relief to the auditor, on proving that the mistake was committed due to heavy work burden and that to by the staff.???    

Yes memeber are guilty under professional Miscounduct... Now ICAI also ask from CBDT the details of CAs who had Crossed their limit... According to my personal View, No Remdy Possibel Exept you have to revised the retun of that excess Client and mentation the name of Other auditor and get the audit report from that other auditor....



CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details