Benefit of networking

This query is : Resolved

ram gurbani (Querist)
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17 December 2011 Dear Sir,
What is benefit to proprietorship CA firm if he comes into networking with any other partnership CA firm in empanel of audit.

please guide.

Regards,

Guest

Guest (Expert)

19 December 2011 Networking of CA firms is towards sharing the responsibility of the Audit Engagement. The scope of the engagement is divided into individual areas of responsibility which each networking firm (be it proprietory or partnership) will audit and report thereon.

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