banner_ad

Ca act 1949

Others 1184 views 6 replies
clause 8 of second schedule of the act states that : a ca in practise will be held guilty if he fails to obtain sufficient info which is necessary for expression of an opinion or its EXCEPTIONS ARE SUFFICIENTLY MATERIAL TO NEGATE THE EXPRESSION OF AN OPINION.. Kindly explain the line in caps
Replies (6)

a CA should express his opinion on the truth & fairness of statements of a/cs  after examining their authenticity, with reference to information & explanation given to him,,

ca should nt express his opinion without obtaining the required data & information,,,,

 

"EXCEPTIONS ARE SUFFICIENTLY MATERIAL TO NEGATE THE EXPRESSION OF AN OPINION."

MEANS.....

QUERIES WHICH MAY RESULT INTO NULLIFYING THE ORIGINAL OPINION OF AUDITOR AND GIVING A  QUALIFIED OR ADVERSE OPINION...

I HOPE IT IS CLEAR NOW.

THANKING YOU,

DRP

thanx .. Ya its clear now :-)

Want some Quick Finance and Economic updates on your FB wall ?? Join https://www.facebook.com/efficientmarket

I want to know whether I can take full time COP if I m working as a employee in a ca firm? so that after 5 year of practice, i can become FCA

Respected saurabh sir,

if u want to be an FCA then u have to be a partner in the firm in which u are working as a ca employee.

Because, ca can hold cop only if he/she wants to do public practice. In employment u will not be taking crucial decisions but as a partner u will have to do so and that's what ICAI wants... INDEPENDENCE.

So u need to be a partner or a prectitioner compulsorily. (as per council's general guidelines)

Thank you.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details