A. Please refer to FAQ NO 87 IN FAQ on Ethical Issues.


 “FAQ(87):- Whether a Chartered Accountant will be deemed to be guilty of professional misconduct if he accepts his appointment as an auditor immediately after intimating his appointment over the phone to the

previous auditor?



Yes, the member would be held guilty of professional misconduct for the

following reasons:


(a) That he had failed to communicate with the retiring auditor in writing;


(b) That he did not wait for a reasonable length of time for a reply to be

received from him.”

Limit of Audits has been prescribed only for Statutory audits under Companies Act and Tax Audits under Income Tax Act.

Yes, you can do Tax/GST audits in individual capacity, and there is no mandatory requirement to have a Firm. However, intimation to this effect may be sent to concerned DCO and M&SS.
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