1. Issues raised in the report be studied for initiating a structured and meaningful dialogue with the office of C&AG.
2. Necessary steps be initiated against the erring members wherever any act of professional misconduct is observed.
3. Refer details of all such members to the Disciplinary Directorate, who are said to have done Tax Audit, under section 44AB of the Income Tax Act, 1961, more than the limit prescribed by the Institute.
4. Develop an IT based system in coordination with the authorities concerned especially to obtain the report of total numbers of Tax Audit done by each member to find out the details of the members not adhering to the Institute’s guidelines.
5. Call for such information, as required, from the members invoking authority under the relevant provisions of the Chartered Accountants Act, 1949 and Regulations/ Rules framed thereunder.
6. Keep the communication channels updated especially with the stakeholders so as to protect the interest of the profession.
7. Create a Special Cell with proper staff to deal with these matters in an urgent manner.
Warm Regards
"Team" CA.Nitesh More
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