Wht shall b the ceiling limits for a CA doing part time practice and part time employement..while calculating his ceiling limits of audit appointments that he can accept ?????
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Audit query
Replies (7)
As far as i am concerned there is no such concept, as part time COP does not even carry attestation service.
Karan Sir....
as far as acceptence of audit assignment is concern ... a part-time practising CA can accept the appointment.... bt i hv doubt regareding the no of audits engagements that can b accepted????
Miss. Megha
You are rite in saying C.A in Part time practice can accept audit assignment as internal auditor.As there is no statutory requirement for internal auditor to hold fulltime COP, but other statutory compliance audit,Tax audits requires attestation service which are not with part time COP holder.For any doubts you can contact ICAI member section , they'll give you detail info abt the same
thnx 4 d information....
what Mr. Karan says is right...
A member in part-time practice cant accept audit assignments and he doesnot have attestation and audit powers. Only a CA in full time practice can do so.
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