ICAI

CAG to consider Branch Offices of CA firms based on percent/number of partners stationed there

CAG to consider Branch Offices of CA firms based on percent/number of partners stationed there for the purpose of empanelment from 2024-2023

ICAI Announcement dated 9th Nov 2023

The office of C&AG has been giving cognizance to location of the Head office as well as Branch Offices of the firms for the purpose of allotment of audits of Government Companies and its units located at various locations.

It has been informed by the Office of C&AG that from the empanelment year 2024-2025, while considering the firm/LLP for allotment of audit on the basis of the location of its Branch Office, only those Branch Offices will be considered where at least 50 percent of the full-time partners or two full time partners, whichever is less, of the firm/LLP, are stationed.

Share

Recent Posts

  • Income Tax

Information in loose papers not corroborated with assessee, can’t be said to belong to assessee

When information contained in loose papers not corroborated with assessee, there is absolutely no room for presumption that it belongs…

1 day ago
  • Income Tax

Setting aside remand order of CIT(A) without interfering with direction to delete addition, did not revive AO’s order

When CIT(A) order to remand case to AO was set aside without interfering with direction to delete addition, order of…

1 day ago
  • arbitration

Whether Arbitral Tribunal can grant a prohibited claim in a contract – Larger Bench to decide

Whether a prohibited claim in a contract applies only to the employer and not to the Arbitral Tribunal – Matter…

2 days ago
  • contract-law

Court can examine contractual employee termination on sole ground of ineligibility

Where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled to examine its correctness…

2 days ago
  • EPFO

Upon deceased acquiring family, as specified earlier GPF nomination became invalid – SC

Upon deceased acquiring family, GPF nomination in favour of mother became invalid and in absence of fresh nomination, mother and…

2 days ago
  • GST

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details

GSTN Advisory on Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A As…

3 days ago