The Institute Chartered Accountants of India( ICAI ) has found a Chartered Accountant (CA) guilty of Professional Misconduct for taking Tax Audit Assignment without Communicating to Previous Auditor.
The allegation against the respondent is that he accepted the appointment as tax auditor of M/s Vardhman Rice Mills for the Financial Year 2017-18 without first communicating with the complainant who was the previous auditor of the firm.
The Board of Discipline has found that respondent accepted the appointment as tax auditor of M/s Vardhman Rice Mills (Firm) for the Financial Year 2017-18 without first communicating with the complainant who was the previous auditor of the Firm.
The board took into view the provisions of item (8) of Part I of First Schedule to the Chartered Accountants Act, 1949 which provides
“accepts a position as auditor previously held by another chartered accountant or a certified auditor who has been issued certificate under the Restricted Certificate Rules, 1932 without first communicating with him in writing”
The Board further noted that, CA. Pankaj Kumar admitted his mistake in his written submissions at the Prima Facie Opinion stage and also verbally before the -Board during the proceedings.
Having regard to the attended circumstances, the evidence and submissions put forth by the complainant and the respondent the Board is of the considered view that the respondent has committed an act of Professional Misconduct for accepting the appointment with the aforesaid firm without first communicating with the complainant and the Board decided to Reprimand CA. Pankaj Kumar.
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