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Question ID : 44595

Is the past experience of CA in practice counted for new firm if he resigns from existing partnershi

I am a member of ICAI since Jan 2020 and hold COP in my individual name since April 2021. I am not a partner anywhere. My father is a practicing CA and a partner in a CA firm since 2002. Now he wants to resign from that firm and we both want to create our new firm with we both being partners. My query is whether my father's experience of more that 20 years in the past firm be counted in the new firm for bank audits??

Posted by ABHINAV AGARWAL on Jan 15, 2024

Filed Under MISC.

Answer ID : 85270

Experience of your father would be counted if he had signed the bank branch balance sheet as a partner of previous firm, otherwise not

Posted by SURAJ KUMAR CHOUDHARY on Jan 16, 2024
Answer ID : 85277

i think no

Posted by CA Shrawan Suthar on Jan 26, 2024