Partnership firm of ca
This query is : Resolved
02 February 2013
Sir, both the CA's are at present practicing as sole proprietors and are alloted bank branch audits in individual names,
I would like to know, that if they enter into a partnership, then `will it effect the bank audit allotement?' I mean, will they loose the benifit?
I would like to know, that if they enter into a partnership, then `will it effect the bank audit allotement?' I mean, will they loose the benifit?
CA Priyank Singhi
(Expert)
04 February 2013
The benefit will not be lost but they will audit and sign the B/s in individual capacity instead of as partners because the audit has been allotted on that basis. They should be in continuance of their sole proprietorship business.
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