Is it the right practice to have the CA from the firms also appointed as first auditor of a pvt ltd company?
Ankit Saha (MBA) (44 Points)
07 November 2012Is it the right practice to have the CA from the firms also appointed as first auditor of a pvt ltd company?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 08 November 2012
Yes it can be done. A CA can have his own practice under his own name and also he can be a partner in any p'ship firms. So there is no bar for a individual CA to get appointed in his individual name as an auditor of a pvt ltd co.
Also in case of pvt ltd co's there is no bar for a CA in practice to accept only certain number of audits unlike in case of an public ltd co.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
