whether a CA in practice mandatorily require FRN?if he is practicising in his own name whether seal is required?is he eligible to sign the audit report without FRN?
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Firm registration number
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Announcement on – Requirement to include the registration number of the firm as allotted by ICAI, in the audit reports signed by members of the ICAI - (19-01-2010)
| ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERS |
|
The Council of the Institute of Chartered Accountants of India (ICAI), at its 292nd meeting held on January 13, 2010 has decided to require the members of the Institute of Chartered Accountants of India to: > Include, in addition to the other requirements relating to signature on the audit report, as prescribed under the relevant Standard on Auditing, the registration number of the firm as allotted by ICAI, in the audit reports signed by them ; and > Ensure that the resolution passed by the company regarding appointment of the statutory auditor of the company under section 224 of the Companies Act, 1956, also contain the registration number of the firm of the auditor(s) with the ICAI. >These requirements would come into effect from April 1, 2010. |
https://www.icai.org/post.html?post_id=5382&c_id=219
Hi Jhonny,
In My Opinion - In case of member in practice, practicing individually, MEMBERSHIP NO. is required. And, in case of firm, FRN is required.
If member has his individual practice, then he need not apply for FRN. In this case, if he is signing any report, then he has to mention HIS membership no. only, question of FRN doesn't arise.
Other friends ... kindly rectify me if Im wrong.
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