Audit

How can a CA Firm get empanelled and selected as Auditors of PSU

How can a CA Firm get empanelled and selected as Auditors of PSU

One of the most lucrative options for CA Firms is to get empanelled and conduct Audits of PSU. But one issue which has barely been properly addressed is that how can a CA Firm get empanelled and what is the procedure of becoming an Auditor of a PSU? The Answers to these commonly asked Questions have been explained below. Basic […]

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CA’s forming LLP’s now allowed to become Statutory Auditors

CA’s forming LLP’s now allowed to become Statutory Auditors

In a welcome move for all Chartered Accountants across the country, Ministry of Corporate Affairs has now allowed CA’s forming Limited Liability Partnerships (LLP’s) to conduct Audits and conduct attestation work. MCA in a General Circular dated 4th April 2011 has clarified that:- The word “Partnership” wherever occurring in the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, […]

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