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?

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.



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