Sir it is written that whether a CA in practice or not represents himself as FCA, then here “not in practice” would mean that he is a part time COP holder in employment is it?

Questions › Category: CA-Final Prof Ethics › Sir it is written that whether a CA in practice or not represents himself as FCA, then here “not in practice” would mean that he is a part time COP holder in employment is it?

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Jasmine Kaur asked 7 years ago

Question Tags: First Schedule Part II clause 1

3 Answers

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Ravi Staff answered 7 years ago

This clause is applicable to all CAs, whether holding COP or Part Time COP or Not Holding COP (Job / Business / Nothing etc)

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audit Staff answered 7 years ago

If this clause is applicable to all, then how a non COP holder can represent himself as FCA as only a CA in practice(whether part time or full time) can be FCA?

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audit Staff answered 7 years ago

No, it is not correct that only a CA in practice can be FCA. Even ‘ a member who has been an associate for a continuous period of 5 years and who possesses such qualifications as may be prescribed by the council with a view to ensuring that he has experience equivalent to the experience normally acquired as a result of continuous practice for a period of 5 years as a CA’ can be entitled to use the letters F.C.A. after his name.