Reg. practicing CA and CS
This query is : Resolved
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.
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.
16 March 2023
They can't do so as it amount to violation of Institute regulations.
16 March 2023
Sir, can you please elaborate with the provisions of the institute stating it as violation.
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