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Professional misconduct?

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If an auditor audits and signs the financial statements of his relative's business ..will it amount to professional misconduct ? The auditor is not associated with the business of his relative in any way .
Replies (5)
He is disqualified as per sec 141 n will be punishable u/s 147. Also guilty under clause 4 of second schedule of ca act .

Relative here means:

brother sister , father mother and spouse,

father mother, brother sister of spouse,

son & doughters including in-laws.

Yes, he will be guilty of professional misconduct. 

thank u all... What if relative is mother's brother..???

CA given the net worth certificates of pvt ltd where director is relative of CA, then it can be a professional misconduct?


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