Can MBA (Distance Learning) Person do Audit.?
This query is : Resolved
06 November 2008
Hi Experts,
Can A MBA Degree holder will be liable for Audit..? Even when he did his MBA as Distance Learning course.
Thanks
Vijay
Can A MBA Degree holder will be liable for Audit..? Even when he did his MBA as Distance Learning course.
Thanks
Vijay
07 November 2008
Can u be more clear?
07 November 2008
I mean that, Can MBA person will be liable for Audit As compare to 'CA'
Can he do Audit as Auditor like 'CA'& 'CWA'
Can he do Audit as Auditor like 'CA'& 'CWA'
08 November 2008
Section 224 of the Companies Act,1956 makes it very clear that Audit shall be carried on by the "Chartered Accountant in Practice" as defined under The Chartered Accountants Act.
As per CA Act & Regulations, Chartered Accountant in Practice, is a person who after passing the relevant examinations and taking requisite coaching enrolls himself/herself in the Register of Members in Practice.
So, MBA, cannot perform the statutory audit
As per CA Act & Regulations, Chartered Accountant in Practice, is a person who after passing the relevant examinations and taking requisite coaching enrolls himself/herself in the Register of Members in Practice.
So, MBA, cannot perform the statutory audit
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