Please Help: AUDIT ASSIGNMENTS
Posted Date : 02-Aug-2013 , 12:39:11 pm | Posted By VIVEK SHARMA
CAN A CA IN PARTNERSHIP FIRM SIGN AUDIT REPORT IN EXCESS OF LIMIT OF 45 KEEPING IN VIEW THE ELIGIBIL
CAN A CA IN PARTNERSHIP FIRM SIGN AUDIT REPORT US 44AB IN EXCESS OF LIMIT OF 45 KEEPING IN VIEW THE TOTAL ELIGIBILITY OF CA FIRM TO SIGN AUDIT REPORTS. EXAMPLE CA FIRM COMPRISING OF 5 WHOLETIME PARTNERS .ELIGIBILITY OF EACH PARTNER IS 45. CAN ANY PARTNER SIGN IN EXCESS OF 45 AND OTHERS SIGNS KEEPING IN VIEW THAT TOTAL LIMIT OF FIRM I.E.225 DOES NOT EXCEEDS. PLEASE CLARIFY
CAN A CA IN PARTNERSHIP FIRM SIGN AUDIT REPORT US 44AB IN EXCESS OF LIMIT OF 45 KEEPING IN VIEW THE TOTAL ELIGIBILITY OF CA FIRM TO SIGN AUDIT REPORTS. EXAMPLE CA FIRM COMPRISING OF 5 WHOLETIME PARTNERS .ELIGIBILITY OF EACH PARTNER IS 45. CAN ANY PARTNER SIGN IN EXCESS OF 45 AND OTHERS SIGNS KEEPING IN VIEW THAT TOTAL LIMIT OF FIRM I.E.225 DOES NOT EXCEEDS. PLEASE CLARIFY
Category : Audit | Answers : 2 | Comments : 1 | Hits : 145
Answers
Answer By: CA Satuti Mahajan
No because digital signatures will be locked after signing 45 reports.
Answer By: Vikky Kumar Jha
No
Comments
Piyush Laddha
02-Aug-2013 , 04:33:42 pmA CA cannot sign beyond the limite of tax audit i.e. 45 tax audit and the limit of signing the balance sheets are to be decided according to the nos. of partners of the firm.