How do ICAI and criminal proceedings relate?
AICAI waits for court
BCourt waits for ICAI
CBoth run separately
DICAI replaces the case
Answer & Solution
Correct answer: C. Both run separately
Disciplinary proceedings are neither a substitute for nor dependent on criminal proceedings, so both can proceed independently.
Keep practising Institute of Chartered Accountants of India
Browse all Institute of Chartered Accountants of India questions for CA Final, or explore more Auditing topics.
Related questions
A professional claims skills above ordinary. Standard of care?With contract and tort liability together, damages are?Which case narrowed the Hedley Byrne duty-of-care test?Which 1964 case recognised liability for negligent statements?To whom should an internal auditor report directly to preserve independence?Large non-audit fees from an audit client raise what concern?Why can very low audit fees hurt independence?What is real independence also known as?