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26 June 2012

what is the role of sleeping partner in ca firm? I qualified in jan 2012 and have cop and estb. my own firm. whether i should accept the offer? what are financial aspects

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4 Replies

divva (Industrial Trainee @ Ashok Leyland) (348 Points)
Replied 26 June 2012

Sleeping partner- Are mainly to show number of partners in firm Eg: bank audits & many client may prefer a firm based on number.

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NISHANT SINGH (senior accountant) (57 Points)
Replied 26 June 2012

It is benefitial because you are newly qualified and audit work is given by org. On experiance.If you will became parter of old firm consisting 4-5 partner then you can apply for audit work.in this case pay 10% or 20 % to your firm and keep the balance.