whether CA in practice can be proprietor in one firm and partner in another firm at the same point of time. If yes, what are its consequensues?
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Quick Summary
This discussion clarifies whether a Chartered Accountant can simultaneously operate as a proprietor of one firm and a partner in another. The consensus is that this is permissible. However, it's crucial to monitor audit ceiling limits and implement necessary safeguards for any transactions involving auditees to ensure compliance.
Yes. that's possible. No consequences. Just need to keep a check ion ceiling limits of audits and other safeguards pertaining to transactions with auditees