Reg. practicing CA and CS

Save Share

This query is : Resolved

Quick Summary

A professional is asking if it's permissible to hold Certificates of Practice (COP) from both the ICAI (for Chartered Accountants) and ICSI (for Company Secretaries) concurrently. The core question is whether a member can switch between COPs, sign reports under one institute, surrender the COP, obtain the other, and sign reports, potentially for the same company. Another professional has indicated this is a violation of institute regulations, and clarification on the specific provisions is sought.

Sreenavin P

Sreenavin P (Querist)
Follow

16 March 2023 Dear Professionals,

As per the ICAI and ICSI norms members can't hold COP's of both the institutes simultaneously, which means they will have to surrender one of their COP to get the other. So, I would like to know whether such members can take COP of ICAI, sign tax and statutory audit reports to some extent, surrender it and take COP of ICSI, sign secretarial audit reports, surrender it and repeat the process again.

If they can do so, let me know whether such member who signed the tax and statutory audit report of a company can sign the secretarial audit report of the same company.

Your inputs are welcomed. Thanks in Advance for all your inputs in this matter.