Non-ca partners running a firm in my locality!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2014
I am a practising CA in Indore, and around 2 months back suddenly few of my regular clients stopped using my services. Recently i found out that they have given their accounting and tax related work to a new firm in my locality, which is run by 5 guys, out of which 2 are just inter pass! And i am certain they are employed as partners there, and handle all the work relating to accounts, sales tax, excise etc. Also, i don't think those guys have enough knowledge to form an LLP partnership to do it the right way.
Is it allowed by the ICAI to form such partnership firms? What can i do to bring it to their notice?
Is it allowed by the ICAI to form such partnership firms? What can i do to bring it to their notice?
08 February 2014
it is not allowed by ICAI...but only if such non-practicing CAs are the partners..thats the difficult to prove..just because they handle a lot of work, that doesnt mean they are partners...
10 February 2014
Do remember only CAs can perform attest function - sign annual report.
However anyone can provide advisory services and / or account writing services - ICAI or any one else does not restrict that.
In fact, for a few years ICAI is enabling Inter-CAs to get "Accounting Technician" Certificate. This course is also offered by ICAI to all.
Similarly the IT Department has made people go through a course so that they can offer their services for return filing.
In a nutshell, as long as they (whether in partnership or any other form) do not perform any attest function nor claim to be a firm of CAs; it is allowed.
However anyone can provide advisory services and / or account writing services - ICAI or any one else does not restrict that.
In fact, for a few years ICAI is enabling Inter-CAs to get "Accounting Technician" Certificate. This course is also offered by ICAI to all.
Similarly the IT Department has made people go through a course so that they can offer their services for return filing.
In a nutshell, as long as they (whether in partnership or any other form) do not perform any attest function nor claim to be a firm of CAs; it is allowed.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2014
Thanks for the clarification. Now i don't intend to take any action because i have found out that they are just into advisory and accounts writing. I think they are using their "Accounting Technician" certificate to the fullest. Good for them!
13 February 2014
agreed with mehul mukti as the onus will lie on you if you accuse any1.
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