Rajat Jain (Student CA Final ) (29 Points)
06 March 2014Suppose, 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?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 07 March 2014
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.
Rajat Jain
(Student CA Final )
(29 Points)
Replied 07 March 2014
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
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