Professional misconduct?

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Chartered Accountant
8487 Points Joined August 2010
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 .
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On 05 August 2015 at 16:47 Report
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Student
368 Points Joined September 2010
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 .
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On 05 August 2015 at 18:15
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Article
73 Points Joined August 2011

Relative here means:

brother sister , father mother and spouse,

father mother, brother sister of spouse,

son & doughters including in-laws.

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On 05 August 2015 at 19:24
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B.Com CA Final
657 Points Joined February 2012

Yes, he will be guilty of professional misconduct. 

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On 05 August 2015 at 20:34
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Chartered Accountant
8487 Points Joined August 2010
thank u all... What if relative is mother's brother..???
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On 05 August 2015 at 22:44
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Student CA Final
24 Points Joined August 2013

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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On 23 October 2023 at 16:17


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