Enquiry:   

The Committee’s valuable guideline & advice is required on the following matters:

1. Can we issue written professional advice on basis of discussion with the other side concerned/ advised?
2. If the CA firm is a partnership firm, shall the suggestions be signed in the personal name of the partner or in the firm’s name?
3. If signed in the firm’s name, is the name of the signing partner be given or not?

 

Opinion:   

Responses to your queries are as follows:

1. A written professional advice may be issued on the basis of engagement letter signed with the client.

2 & 3. The Companies Act, 2017 and Institute’s ATR 19 ‘Identification of the Engagement Partner in the Auditors’ Report on the Financial Statements/ Interim Financial Information’ outline the requirements to mention the name of the firm and engagement partner in the audit and review reports. The other suggestion/ advice may be issued in the personal name of the partner or in the firm’s name.

(September 08, 2017)