What follows if a member does not comply with technical standards issued by ICAI?
AOnly a warning letter
BDisciplinary action
CAutomatic fellowship
DNo consequence
Answer & Solution
Correct answer: B. Disciplinary action
Standards issued by ICAI are binding on members, so non-compliance exposes them to disciplinary action.
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?