I AM A CHARTERED ACCOUNTANT PRACTISING SINCE LAST SEVEN YEARS. I HAVE SEVERAL QUERIES REGARDING RECENT AMENDMENTS. THEY ARE:
IF AN ADVOCATE JOINS MY FIRM AS A PARTNER
1WHETHER THE FIRM WILL BE TREATED AS CA FIRM? CAN WE WRITE XYZ & CO, CHARTERED ACCOUNTANT
2WHETHER FORM NO 18 HAS TO BE FILED AND DETAILS OF THE PARTNER SHOULD BE SENT?
3WHETHER FIRM CAN UNDERTAKE AUDIT? AND OTHER PARTNER CAN SIGN THE REPORT?
4WHAT WILL BE THE STATUS OF THE FIRM FOR BANK AUDIT AND OTHER STATUTORY AUDIT.
5IIM IS NOT AN UNIVERSITY. WHETHER MBA FROM IIM CAN BE A PARTNER?
6CA CAN BE A DIRECTOR SIMPLICTIOR I.E NON EXECUTIVE DIRECTOR OF A COMPANY. WHETHER HE CAN PROVIDE CONSULTANCY SERVICES TO THAT COMPANY. (EXCEPT AUDIT)
7WHETHER MY FIRM CAN WORK AS AN ASSOCIATE OF THE COMPANY IN WHICH I AM A DIRECTOR. THE COMPANY IS ENGAGED IN THE BUSINESS OF PROVIDING CONSULTANCY SERVICES.
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