(b) If CA Yash is guilty of misconduct in the above situation given in part (a), then before which authority, the matters of CA Yash would have been…
CA Final · Advanced Auditing, Assurance and Professional Ethics · RTP · May 2025
(b) If CA Yash is guilty of misconduct in the above situation given in part (a), then before which authority, the matters of CA Yash would have been placed and what punishment could have been imposed on him by the said authority in accordance with the Chartered Accountants Act, 1949?
Suggested Answer and Working Notes:
If CA Yash would have been found guilty of professional misconduct under Clause 8 of Part I of the First Schedule of the Chartered Accountants Act, 1949: The matter would have been placed before the Board of Discipline. The punishment that the Board of Discipline could have imposed would be: (i) Reprimand the member. (ii) Remove the name of the member upto a period of 3 months. (iii) Impose fine upto rupees - 1,00,000/-.
Topics: Professional Ethics & Liabilities of Auditors
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