Clause 12,part 1, first schedule and clause 2 ,part 1 of second schedule me kya difference hey sir.? Bcz muje similar lag rha hey sir.
1 Answers
Clause 12 — financial statements & reports can be signed only by partners who are ca in practice
Clause 2 — before financial statements & reports should be first reviewed by ca himself or partner or employee or any other ca in practice
Clause 12 talks about signing — only partners
Clause 2 talks about review before signing — many can do review