alleryStart learning →Can a company practise accountancy in India?
AYes, with ICAI approval
BYes, if directors are CAs
CNo, companies cannot
DYes, if it is listed
Answer & Solution
Correct answer: C. No, companies cannot
Companies in India cannot practise the profession of accountancy, which stays with individual members and their firms.
Keep practising Institute of Chartered Accountants of India
Browse all Institute of Chartered Accountants of India questions for CA Final, or explore more Auditing topics.
Related questions
A professional claims skills above ordinary. Standard of care?With contract and tort liability together, damages are?Which case narrowed the Hedley Byrne duty-of-care test?Which 1964 case recognised liability for negligent statements?To whom should an internal auditor report directly to preserve independence?Large non-audit fees from an audit client raise what concern?Why can very low audit fees hurt independence?What is real independence also known as?