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VarunVarun asked 12 months ago

In chapter Liabilities of Auditor, under Sec 126- Fraud in current Year

2 Answers
RaviRavi Staff answered 12 months ago

Sir was not well, most probably today evening he will revert to queries, normally he replies within a day

RaviRavi Staff answered 11 months ago

CA is tax auditor. While doing audit he came to know that last year assessee did a tax fraud, CA did the audit last year also. In such case he should advice client to rectify such items and get rid of fraud. If assessee doesn’t agree he should inform client that he will discontinue current year audit and inform tax authorities that my previous report is not reliable, he should not communicate anything more it will lead to breach of confidentiality, he should say, authorities can call client for more information.

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