CAs Cannot Assume Auditor Position if Previous Auditor’s Fees Remain Unsettled: ICAI
A member of the ICAI in practice cannot accept an auditor appointment if the undisputed audit fee of another CA for statutory audit remains unpaid, except for sick units exempted from this rule
By Navasree A.M - On February 22, 2024 4:37 pm - 2 mins read
The Board of Discipline of Institute of Chartered Accountants of India ( ICAI ) has observed that Chartered Accountants ( CAs ) shall not accept the appointment as auditor if undisputed outstanding fees of another auditor of the audit has not been paid. The ICAI found the CA guilty of Professional misconduct. The case revolves…
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