Only chartered accountants should hold CFO's post: SEBI

Page no : 2

yogesh (student) (223 Points)
Replied 10 November 2011

SAB HAUAHH BANA RAKHA HAI CA QUALIFICATION KA.....

DILIP SRIVASTAVA (GM -F&A) (38 Points)
Replied 12 December 2011

Like in Public sector companies CFO Post should for CA/CWA/MBA-F/CS

Automatically the talented person having above / multiple qualifications will be the selected one.

niranjan (GM(Finance)) (21 Points)
Replied 22 January 2012

There are two professional bodies-Chartered Acctt & Cost Actt.There is every reason to allow both as they are equaly competent to handle all Financial issues.

N.Sahoo

Sachin Kumar Mittal (Complete Articleship) (22 Points)
Replied 06 August 2015

Dear All,

I have an query related with this issue. If a Mr.A (Chartered Accountant) is the partner in a partnership firm of C.A. And the firm is the auditor of XYZ Ltd. Mr. A sign the balance sheet of F.Y 2013-14 of XYZ Ltd as on 01.09.2014. Later on Mr A resigns from the firm as their partner on 30th Nov 2014 and surrender its COP. On 26.02.2015 Mr. A joined XYZ ltd as their CFO. Now my question is that is their is any conflict of interest if C.A firm is continue to be the auditor of the XYZ Ltd. Whether Mr. A is eligble to sign the balance sheet as their CFO and C.A firm as their auditor.