No Written Communication made on acceptance of appointment as Statutory Auditor to Previous Auditor: ICAI imposes 35000 fine on CA

The ICAI found that there had been no written communication held between the respondent and the Complainant before the undertaking of the audit assignment
ICAI - Professional misconduct by CA - ICAI fine on CA - ICAI disciplinary action - taxscan

The Institute of Chartered Accountants of India ( ICAI ) observed that no written communication made on acceptance of appointment as statutory auditor to previous auditor amounts to professional misconduct. The Board imposed a fine of 35000 on Chartered Accountants ( CA ). The Complainant was appointed as statutory auditors and an appointment was ratified…

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