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Can a CA who is not a licensee be a partner in public accounting firm?

April 26, 2017Accounting ca firm Licensee partner public

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Can a CA who is not a licensee be a partner in public accounting firm?

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Yes, non-licensed CAs may be partners in a public accounting firm; however, per Council Guideline No. 2007-2 enacted by the PAC, the lead engagement person responsible for signing an assurance report or compilation (see Q6) report must be licensed if the report for the engagement is issued in Ontario, or the work for the engagement is performed primarily in Ontario.