Part time COP - CA

Practise 182 views 1 replies

Dear all,

I am a recently qualified CA working in a Mid-Sized Software co. in Hyd. I want to apply for Part time COP. I came to know that NO ATTEST functions can be performed by Part time COP holder. But plz clarify the following doubts

1. Can I have a visiting card and letter head on my name as Part time COP holder?

2. Can I attend IT/GST Dept on my client behalf?

3. Can I participate in audit(Not signing) in the firm in which I am/will be a partner?

4. Can I prepare proposals for Bank loans/CC/OD/LC/BG limits on behalf of client?

5. Is there any other scope of work I can do individually?

Plz respond ASAP.

 

Thanks in Advance smiley

Replies (1)

Hey Pramod, congrats on qualifying! Here’s a quick rundown on your queries about being a Part-time COP holder:


1. Visiting card and letterhead in your name as Part-time COP?

Yes, you can have your own visiting card and letterhead mentioning your Part-time COP status. Just ensure you clearly indicate “Part-time COP” to avoid any misrepresentation.


2. Can you attend IT/GST department on client’s behalf?

Yes, as a Part-time COP, you can represent clients before Income Tax, GST, and other tax authorities for matters like assessments, appeals, and compliance.


3. Participate in audit (not signing) in the firm where you are/will be a partner?

Yes, you may participate in the audit work but you cannot sign the audit report. Also, ensure no conflict of interest arises per ICAI regulations.


4. Prepare proposals for Bank loans/CC/OD/LC/BG limits on behalf of clients?

Yes, you can prepare financial proposals, business plans, and documents for banks and financial institutions as part of advisory or consultancy work.


5. Other scopes of work you can do individually?

  • Tax advisory and compliance

  • GST consultancy

  • Corporate secretarial work (except signing as full COP)

  • Financial analysis and due diligence

  • Management consultancy

  • Training and workshops


Important Notes:

  • No attestation functions are allowed by Part-time COP holders.

  • Always maintain clear disclosure about your part-time status in all communications.


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