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Llp of ca and advocate

CA Shivani Bhardwaj (Chartered Accountant) (158 Points)

25 April 2015

Respected Members,

I have a query...If a CA forms a LLp with an Advocate than does it make any difference for CA's professional opportunity as concern?? I mean can that LLP will be eligible for conducting Statutory Audit,Tax Audit, Bank Audit etc.???

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7 Replies

palak gupta (CA Final Student) (52 Points)
Replied 25 April 2015

LLP of CA and Advocates doesn't make any difference for CA proffesional opportunity provided majority of partners are CA and attestation services are provided by CA partner only.

CA Shivani Bhardwaj (Chartered Accountant) (158 Points)
Replied 25 April 2015

If there is only 2 partners one is CA and another is advocate???

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 25 April 2015

Attestation can b only by CA.....

CA Shivani Bhardwaj (Chartered Accountant) (158 Points)
Replied 25 April 2015

Ya attestation shuld b done by ca but llp name will b mention na?

CA AnKiT BoHrA (AB) (Manager) (25955 Points)
Replied 25 April 2015

https://caskumargupta.blogspot.com/2011/06/llp-route-for-chartered-accountants.H T M L

Sunil Sharma (Finance Manager) (39 Points)
Replied 28 April 2015

There will not be any issue in case of an LLp ..as we have both CA or advocate or any of other pro.like CMA or CS what matter the most is the authentication as financial reports are to be done only by CA like Tax audit and Statutory Bank audit apart from this CMA can very well go for Concurrent or Stock audit ...etc So as far as in LLp even an Legal Consultancy firm can provide Finacial reports provided it has a PCA in it and only he can authenticate it refer sec-138 on the appointment of auditor .