Would your answer be different if the same activity was performed by a person not qualified as a Chartered Accountant? Can a non-CA perform such…
CA Final · Advanced Auditing, Assurance and Professional Ethics · MTP · September 2025
Would your answer be different if the same activity was performed by a person not qualified as a Chartered Accountant? Can a non-CA perform such activity? State reason.
Suggested Answer and Working Notes:
There would be no difference in answer if above activity was to be performed by a person who is not a Chartered Accountant. The activity would remain due diligence. Due diligence can be performed by any person. It is not necessary that due diligence can only be carried out by a Chartered Accountant. As due diligence involves exercise of prudence and general duty to take care in any transaction, it can be undertaken by any person.
Topics: Due Diligence, Investigation & Forensic Audit
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