About two professional degree uses

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Arvind Gupta (Querist)
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08 December 2012 Dear Sir,
I am a CA-Final Student and I also want to do CS, But I want to know that can after passing CA & CS, I use both the degree at the same time? ot not.

Ajay Mishra

Ajay Mishra (Expert)
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10 December 2012 Hi

If you are in Practice then you are free other wise you can not use both designation at the same time.

Arvind Gupta

Arvind Gupta (Querist)
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10 December 2012 But sir I heard that two professional degree cannot be used at the same time e.g. if I passed CA and CS also and I started my Practice as an CA then I cannot do Compliance work as CS do.Please Clarify my doubts because I want to do CS also.

Ajay Mishra

Ajay Mishra (Expert)
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10 December 2012 Hi

A Chartered Accountant in practice CANNOT:
• Use any designation other than Chartered Accountant on professional documents, visiting cards, letterheads or signboard. The Council has decided that a member of the institute shall not be permitted to use initials "CPA" (standing for Certified Public Accountant) on his visiting card.
• Charge fees on a percentage of profits or which are contingent upon the findings, or results of such work provided that.
a. In the case of a receiver or a liquidator, the fees may be based on a percentage of the realisation or disbursement of the assets.
b. In the case of an auditor of a co-operative society the fees may be based on a percentage of the paid-up capital or the working capital etc.
c. In the case of a valuer for the purposes of direct taxes and duties, the fees may be based on a percentage of the value of the property valued.
• Engage in any business other than the profession of chartered accountants unless permitted by the Council.
• Accept position as auditor previously held by another chartered accountant without first communicating with him in writing.
• Accept any other work/assignment/service on a remuneration, which exceeds the fees payable for statutory audit of the same undertaking. (Applicable only in respect of statutory audits of public sector undertaking/Govt. Companies/Listed companies/other public companies with turnover of Rs. 50 crores or more in a year for appointments after 1st April, 2002 — Ref: Notification No. 1-CA(7)/60/2002 published in CA Journal-March, ’02 issue).
• Accept or carry out any audit work involving receipt of audit fees (excluding reimbursement of expenses, if any) for such work of an amount less than what is specified hereunder:— (notification No.1-CA(7)/93/2006 published in CA journal on page 652 of October, ’06 issue):

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