Is is now possible to hold part-time Certificate of Practice in addition to regular fulltime employment. If possible, can he sign various reports and certificates. Can he attend bank audits etc., Whether, such audits are allotted or not ?
13 Replies
CA JEELANI AHMED.ACA
(Chartered Accountant SERVICE)
(425 Points)
Replied 01 September 2008
dear suryam garu,,
thats a nice query,,infact i have been also searching for this solution,, i''ll teli if i get to know,, and plz let me know,,,any updations regarding this.
regards.
CA JEELANI AHMED
CA Rachit K Patel
(Chartered Accountant)
(1503 Points)
Replied 02 September 2008
Hi,
Even if you hold part time COP. A part time CA cannot sign any reports and certificates. I think so he can take up the audit but that to again he should not have any personal interest nor can he take the audit of the organisation where he is in full time employment coz that affects the independence of the auditors. Even though such audits are alloted, but the organisation prefers to appoint an Independent CA rather then a part time CA.
Regards,
Rachit.
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 04 October 2008
Hi, Still no concrete answer. There have been two side arguments/explanations. One such is that there is no concept of part-time of COP and the other is though part-time COP can be held but with certain limitations. But Form 2 (membership application) contains column 14 which can be understood easily that part-time COP is feasible. If still any restrictions, institute is expected to be made available alongwith the application. Is n'it so ?
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 28 October 2008
Hi, recently I had gone through the CA Regulations wherein there is no bar for this. However, the candidate need to take specific permission from the Council. But what is the procedure for this ? Can anyone please about this ?
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 03 November 2008
Hallo co-CAs,
Enclosed is the full text of CA Regulations, Amendments to Regulation 190A and the letter addrssed to members in 2004 which is being given/sent to new members too. This will clarify all our doubts regarding part-time COP. As per the personal discussion with one of the top officials of SIRC, ICAI, it is understood that attestation cannnot be done by a part-time COP who holds certain specified posts without specific permission. What is attestaion is also defined therein in the enclsoed files. In nut shell, attestation cannot be undertaken but certification can be done. Only one file can be uploaded here. Hence refer trailer messages for rest of attachments.
Attached File : 55 regulation 190a & appendix 9.pdf downloaded: 3263 times
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 03 November 2008
Amendment to Regulation 190A
Attached File : 45 amendment to regulation 190a.pdf downloaded: 1728 times
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 03 November 2008
Appendix 9 to 190A
Attached File : 23 regulation 190a & appendix 9.pdf downloaded: 1402 times
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 04 November 2008
This is a trailer of above discussion.
Attached File : 51 letter sent to all memebrs in 2004.pdf downloaded: 1539 times
Sandhya
(Service)
(0 Points)
Replied 04 November 2008
Can someone please elaborate more on Part time COP?
Do I need to take Part time COp to appear for any other exam too?
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 04 November 2008
Sandhya, which exam you meant ? Of course, for any examination, no need to hold either part time COP or full time COP.
solomon
(CA FINAL)
(33 Points)
Replied 10 April 2010
Hi Suryam.... I am from Mysore. I want to do Practice. So to make up clientle base from the scratch would be a tough job..
So I want to finish of further courses like DISA,International courses abroad etc. to gain a grip over my academics.
Is it possible to do so..Need ur reply
Thanks in advance
Solomon
Nageswar Telu
(RISK ANALYST)
(25 Points)
Replied 26 May 2011
Can any one please tell me whether Part time COP holder can sign the Tax Audit Report of Rs. 50 Mn Turnover Parternership or not??
Regards,
Nageswar
CA.Ganesh
(Practicing Chartered Accountant)
(308 Points)
Replied 28 June 2012
What is attest function that a Part time COP holder can not do?
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