Accounting And Audit 6 September 2026
ICAI Fines CA for Unauthorized Tax Audits
The Institute of Chartered Accountants of India (ICAI) has issued a reprimand and a Rs 50,000 fine to a Chartered Accountant for carrying out three tax audits without holding a valid Certificate of Practice, violating professional regulations and prompting disciplinary action.
The ICAI has taken disciplinary action against a Chartered Accountant who performed three tax audits without a valid Certificate of Practice, breaching its professional standards.
- Penalty: Rs 50,000 fine
- Violation: Conducted audits without required certification
- Outcome: Formal reprimand issued by ICAI
For full details, see the original report.
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