NIRC Vice-Chairman's Firm appointed as Auditor of ICAI Noida Branch
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Through RTI it is revealed that M/s. RAG & ASSOCIATES, 622 Sector-46A, Noida-201301(UP) has been appointed Statutory Auditor to Conduct Audit of Noida Branch for the year 2013-2014. CA.Raj Chawla (NIRC Vice Chairman) is a Sr.Partner in RAG & Associates.
Sources have also informed that RAG & Associates are conducting this Audit from Last Two Years. NIRC Vice-Chairman Position is the Position of OFFICE OF PROFIT. Why Vice-President of NIRC had not resigned as Auditor when he elected as NIRC-Vice President. Why ICAI had not taken any action?
Do you think Vice-Chairman of NIRC, should have applied and accepted this audit, as VICE-CHAIRMAN of NIRC?
This is another example of misutilisation of official position by Vice Chairman NIRC.
Don't you think All Council Members (CC & Regional) should give a declaration every year about all PSU/Bank/Institutional Audits allotted to their Firms.
Some Question comes in Mind afer this RTI.
Where are Independence of Auditor?
Why ICAI are not transparent in allotting the Audits?
Why ICAI are not framing any code of ethics against the Elected Members?
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Comments
CA VINOD KUMAR GUPTA
20-Feb-2014 , 09:50:06 amThe allotment of PSU/BANKS/INSTITUTIONAL audits allotted to central/regional council members should be strictly as per code of conduct and professional ethics of ICAI as applicable to others members of ICAI.