8 Questions
Why does the provision exclude chartered accountants who are not partners from signing financial documents?
To maintain professional purity
What does Clause (12) of Part I of the First Schedule to the Chartered Accountants Act, 1949 provide?
It prohibits non-chartered accountants from signing financial documents
Why should the auditor's report be dated no earlier than the date when sufficient audit evidence is obtained?
To maintain professional integrity
What is the significance of naming a specific location in the auditor's report?
It indicates where the audit report is signed
What is the consequence for allowing a non-member of the Institute to sign financial documents on behalf of a chartered accountant in practice?
Considered as professional misconduct
What is the main objective of Clause (12) of Part I of the First Schedule to the Chartered Accountants Act, 1949?
To safeguard professional integrity by restricting non-members from signing documents
What is the rationale behind excluding non-chartered accountants from signing financial documents?
To ensure that only qualified professionals sign financial documents
Why is it important for an auditor's report to be dated no earlier than the date when sufficient audit evidence is obtained?
To comply with industry standards
Test your knowledge of the provisions of the Chartered Accountants Act, 1949 and the Companies Act, 2013 regarding professional misconduct. This quiz focuses on the prohibition of allowing non-members to sign financial documents on behalf of a chartered accountant or their firm.
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