FAQ 1 Can A Salaried CA in CA Firm hold COP?

Q. What is the status of a Chartered Accountant who is a salaried employee of a Chartered Accountant in practice or a firm of such Chartered Accountants?

Ans. An associates or a fellow of the Institute who is a salaried employee of a Chartered Accountant in practice or a firm of such Chartered Acccountants shall, notwithstanding such employment, be deemed to be in practice for the limited purpose of the training of the articled assistants.

He may hold Certificate of Practice but he is not entitled to do attest function w.e.f 01/04/2005

Source: ICAI Journal May 2022

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