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Firm vs corporation
may I know the difference between the two?
is any CA corporation eligible for audit engagement ?
Replies (1)
YOU CAN'T USE WORD CORP IN INDIA FOR CO. ITS USED IN US,IN INDIA EITHER USE LTD or PVT LTD. THE DIFF BETWEEN A FIRM & COMPANY IS THAT OF LIABILITY ATTACHED.IN CASE OF FIRM LABILITY IS LIMITED THAT IS WHY MOSTLY YOU WILL FIND CA FIRM STRUCTURE RATHER THAN CO..
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