Accounting And Audit 6 September 2026
ICAI fines CA for unauthorized tax audits, Rs 50k penalty
The Institute of Chartered Accountants of India (ICAI) has formally reprimanded a chartered accountant for carrying out three tax audit engagements without holding a valid Certificate of Practice. The regulator levied a Rs 50,000 fine and cautioned that further violations could trigger more severe disciplinary action.
ICAI reprimands chartered accountant
- Conducted three tax audit assignments without a valid Certificate of Practice.
- Imposed a fine of Rs 50,000 for breach of professional standards.
- ICAI warns that repeat offences may attract harsher penalties.
For full details see the Taxscan report.
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