Suppose, I am a practicing Chartered Accountant. I am partner is two CA firms namely Firm A and Firm B.
For a company named ABC Co. Ltd. one of my partner's in Firm A is disqualified from being appointed as an auditor vide provisions of Section 226 of The Companies Act. Henceforth I am disqualified for being an auditor from Firm A
My question is: -
Will I remain qualified if I represent Firm B?
The situation which u mentioned here is not covered by the section 226 of the comapny act hence i think u will b equalified on that way.
As per Section 226 I am disqualified from acting as an auditor in Firm A, as one of the clause states "A person who is a partner of the person disqualified shall also be disqualified".
In my opinion I shall carry the criteria of disqualifications for all other firms also in which I am a partner.
Please, clarify what Professional Ethics say on this regard
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
