Benefits of having partial COP and doing full time Job ?

Save Share

This query is : Resolved

Quick Summary

A practicing CA planning to join full-time employment in an MNC discussed concerns about continuing practice income and ICAI compliance. The discussion highlighted that holding a full COP while in full-time employment may create ethical and regulatory issues, and suggested exploring partial COP or appointing another CA with COP to manage the firm and attest functions.

FinTax (CA ABHISHEK SINGH)

FinTax (CA ABHISHEK SINGH) (Querist)

10 June 2024 Hello everyone
I am practicing CA since 12 years. Due to some financial issue I am joining a full time employment. 5 days working. I have my team managing things for me since audit work is negligible.

I had joined a job on professional basis and was able to manage both easily although it was 6 days working job.

This new company is an MNC and have due diligence procedures where they can easily find out and in that case I will be terminated. I have received the offer letter and have not yet joined.

I don't want to loose good additional income from practice by just working 1 day a week. Also in future I have intention to practice but right now job is equally important.

What should I do now ?
I have heard about part time COP but don't know how it can help me ? Whether I can keep my firm name although I cannot perform attest function