qualification of auditor
This query is : Resolved
20 July 2008
hi,
I hv read in audit book about a firm having all partners as CAs(1949)& practising in India, in this case auditing may be done by partners under the firm name So, my ? is that " is partner of that firm can do auditing individually without under the firm's name?
I hv read in audit book about a firm having all partners as CAs(1949)& practising in India, in this case auditing may be done by partners under the firm name So, my ? is that " is partner of that firm can do auditing individually without under the firm's name?
21 July 2008
The provision is actually --
"Audit can be done by a Chartered Accountant practising in India OR by a firm whose all partners are chartered accountants"
and hence, the partners can do the audit in the firm name
and also
in their OWN INDIVIDUAL CAPACITY BEING A CHARTERED ACCOUNTATNT, But they must have a valid Certificate of Practice.
"Audit can be done by a Chartered Accountant practising in India OR by a firm whose all partners are chartered accountants"
and hence, the partners can do the audit in the firm name
and also
in their OWN INDIVIDUAL CAPACITY BEING A CHARTERED ACCOUNTATNT, But they must have a valid Certificate of Practice.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
