Ca act 1949

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

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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.