CA Vijay qualified as CA in November 2022 started his professional practice in Delhi. Since he has enough time to devote on other activities, he is…

CA Final · Advanced Auditing, Assurance and Professional Ethics · RTP · November 2024
CA Vijay qualified as CA in November 2022 started his professional practice in Delhi. Since he has enough time to devote on other activities, he is considering the following four options: Part-time tutorship under the coaching organisation of the Institute.Editorship of journals other than professional journals.Acting as recovery consultant in the banking sector.Owning agricultural land and carrying out agriculture activity. Do you think CA Vijay needs to take any specific and prior permission from the Council for any or all of the above mentioned activities?
(A) Specific and prior permission is required for editorship of journals other than professional journals.
(B) Specific and prior permission is required for part-time tutorship and acting as recovery consultant.
(C) Specific and prior permission is required for acting as recovery consultant and owning agricultural land and carrying out agriculture activity.
(D) Specific and prior permission is required for editorship of journals other than professional journals and carrying out agriculture activity.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

Specific and prior permission is required for editorship of journals other than professional journals.

Topics: Professional Ethics & Liabilities of Auditors

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